Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $170.00 at UBS Group

Abercrombie & Fitch (NYSE:ANF) had its target price raised by UBS Group from $165.00 to $170.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

A number of other equities analysts have also recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Jefferies Financial Group upped their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Morgan Stanley cut their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus price target of $177.43.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $144.64 on Thursday. Abercrombie & Fitch has a 12 month low of $65.60 and a 12 month high of $196.99. The firm has a market capitalization of $7.39 billion, a P/E ratio of 15.32 and a beta of 1.50. The company’s fifty day moving average price is $141.87 and its 200 day moving average price is $152.77.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. On average, sell-side analysts anticipate that Abercrombie & Fitch will post 10.31 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This represents a 40.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of institutional investors and hedge funds have recently modified their holdings of ANF. Matrix Trust Co purchased a new position in shares of Abercrombie & Fitch in the second quarter valued at $35,000. Farther Finance Advisors LLC increased its holdings in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Quarry LP increased its holdings in Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares in the last quarter. Private Trust Co. NA raised its position in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares during the last quarter. Finally, CWM LLC raised its position in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after acquiring an additional 376 shares during the last quarter.

Abercrombie & Fitch Company Profile

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.