Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $149.00

Abercrombie & Fitch (NYSE:ANF) had its price objective upped by Morgan Stanley from $147.00 to $149.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

A number of other research analysts also recently commented on ANF. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, August 30th. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. UBS Group raised their price target on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.14.

Abercrombie & Fitch Stock Performance

ANF stock opened at $149.56 on Wednesday. The firm has a market cap of $7.64 billion, a PE ratio of 14.75 and a beta of 1.50. The firm has a fifty day moving average price of $143.82 and a 200 day moving average price of $153.51. Abercrombie & Fitch has a fifty-two week low of $75.18 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.19. The firm had revenue of $1.21 billion for 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%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. On average, equities analysts predict that Abercrombie & Fitch will post 10.49 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC raised its holdings in Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after acquiring an additional 19,222 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Abercrombie & Fitch by 8.8% in the second quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock valued at $19,986,000 after purchasing an additional 9,061 shares during the period. Cetera Advisors LLC acquired a new position in Abercrombie & Fitch in the first quarter valued at $674,000. Wedge Capital Management L L P NC lifted its position in Abercrombie & Fitch by 37.0% during the third quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock worth $50,711,000 after buying an additional 97,893 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Abercrombie & Fitch by 209.2% in the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock worth $6,097,000 after buying an additional 32,915 shares during the last quarter.

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.