Abercrombie & Fitch (NYSE:ANF) Hits New 52-Week Low – Here’s What Happened

Abercrombie & Fitch Co. (NYSE:ANF) shares hit a new 52-week low on Wednesday . The company traded as low as $105.05 and last traded at $104.63, with a volume of 391520 shares. The stock had previously closed at $108.84.

Analysts Set New Price Targets

Several brokerages recently commented on ANF. JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Raymond James decreased their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Stock Performance

The stock’s 50-day simple moving average is $134.32 and its 200-day simple moving average is $141.59. The firm has a market capitalization of $5.30 billion, a PE ratio of 10.40 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 EPS. As a group, analysts predict that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 8,605 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. The trade was a 8.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 in the last three months. 2.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $27,000. UMB Bank n.a. lifted its stake in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares during the period. Farther Finance Advisors LLC lifted its stake 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 during the period. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 272 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.