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

Abercrombie & Fitch (NYSE:ANF) had its price objective hoisted by analysts at UBS Group from $165.00 to $170.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price target indicates a potential upside of 17.51% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Friday, August 30th. Morgan Stanley lowered their price objective 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. Finally, Jefferies Financial Group boosted their target price 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Stock Up 0.0 %

Shares of ANF stock opened at $144.67 on Thursday. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 15.33 and a beta of 1.50. The company’s 50 day moving average is $141.87 and its 200 day moving average is $152.33. Abercrombie & Fitch has a 52-week low of $65.60 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced 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. The company had revenue of $1.13 billion during 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%. Analysts anticipate that Abercrombie & Fitch will post 10.31 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after purchasing an additional 204,901 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Abercrombie & Fitch by 16.0% during the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after purchasing an additional 120,509 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after purchasing an additional 60,022 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after purchasing an additional 512,700 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Abercrombie & Fitch by 3.0% during the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock worth $79,719,000 after purchasing an additional 16,754 shares in 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.