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

Abercrombie & Fitch (NYSE:ANF) had its target price hoisted by UBS Group from $165.00 to $170.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s target price suggests a potential upside of 17.25% from the stock’s previous close.

Several other research firms also recently weighed in on ANF. 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 report on Friday, October 4th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Morgan Stanley dropped their price target on shares of 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Trading Up 2.3 %

NYSE ANF traded up $3.26 during trading hours on Thursday, reaching $144.99. The company had a trading volume of 142,682 shares, compared to its average volume of 1,672,332. Abercrombie & Fitch has a 1-year low of $65.60 and a 1-year high of $196.99. The stock has a market capitalization of $7.41 billion, a P/E ratio of 15.43 and a beta of 1.50. The stock has a 50-day moving average of $141.46 and a 200 day moving average of $152.25.

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

Insider Buying and Selling

In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 in the last ninety days. 2.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of large investors have recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its position in Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after acquiring an additional 65 shares during the period. Chartwell Investment Partners LLC grew its position in shares of Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after buying an additional 74 shares during the last quarter. Atria Investments Inc raised its stake in Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after acquiring an additional 80 shares during the period. Sage Rhino Capital LLC boosted its stake in Abercrombie & Fitch by 5.5% in the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after acquiring an additional 89 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Abercrombie & Fitch by 3.6% during the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock worth $583,000 after purchasing an additional 115 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.