Abercrombie & Fitch (NYSE:ANF) Upgraded at UBS Group

UBS Group upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat reports. The brokerage currently has $220.00 target price on the apparel retailer’s stock, up from their prior target price of $173.00.

Several other analysts also recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Raymond James assumed coverage on Abercrombie & Fitch in a research note on Friday, December 6th. They set an “outperform” rating and a $180.00 price target for the company. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.38.

Abercrombie & Fitch Trading Up 6.5 %

Shares of NYSE ANF opened at $161.54 on Friday. The stock has a market cap of $8.14 billion, a P/E ratio of 15.98 and a beta of 1.52. The stock has a 50 day moving average of $147.99 and a two-hundred day moving average of $149.99. Abercrombie & Fitch has a twelve month low of $95.47 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. As a group, research analysts predict that Abercrombie & Fitch will post 10.61 earnings per share for the current year.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the sale, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock worth $2,631,741 in the last 90 days. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Quarry LP raised its position in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after acquiring an additional 624 shares during the last quarter. Finally, Plato Investment Management Ltd grew its stake in Abercrombie & Fitch by 66.1% in the 2nd quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock worth $132,000 after acquiring an additional 295 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.