JPMorgan Chase & Co. Increases Abercrombie & Fitch (NYSE:ANF) Price Target to $195.00

Abercrombie & Fitch (NYSE:ANF) had its price target raised by JPMorgan Chase & Co. from $194.00 to $195.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 33.27% from the stock’s previous close.

A number of other research analysts also recently weighed in on ANF. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, August 30th. UBS Group cut their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. 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 report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.71.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $146.32 on Friday. The firm’s 50 day moving average price is $144.97 and its 200-day moving average price is $147.48. The company has a market cap of $7.48 billion, a PE ratio of 18.20 and a beta of 1.49. Abercrombie & Fitch has a 52-week low of $53.16 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. On average, analysts forecast that Abercrombie & Fitch will post 10.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,541 shares of company stock valued at $4,310,256. 3.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors have recently modified their holdings of ANF. Marshall Wace LLP increased its stake in shares of Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after purchasing an additional 120,509 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Abercrombie & Fitch by 146.3% in the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after purchasing an additional 512,700 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Abercrombie & Fitch by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after purchasing an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Abercrombie & Fitch by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock worth $81,915,000 after buying an additional 20,616 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock worth $56,969,000 after buying an additional 141,788 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.