Abercrombie & Fitch (NYSE:ANF) Upgraded at StockNews.com

StockNews.com upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research analysts have also recently commented on the company. Morgan Stanley cut their target price on 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Finally, Raymond James decreased their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report 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 company has a consensus rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Trading Down 6.2 %

ANF stock opened at $96.64 on Friday. The stock has a market cap of $4.87 billion, a PE ratio of 9.56 and a beta of 1.49. Abercrombie & Fitch has a 12 month low of $95.54 and a 12 month high of $196.99. The company has a 50-day moving average price of $126.19 and a 200 day moving average price of $138.78.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $27,000. UMB Bank n.a. boosted its stake in Abercrombie & Fitch by 92.2% in the fourth 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 in the last quarter. Farther Finance Advisors LLC grew its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Private Trust Co. NA increased its position in shares of Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 132 shares during the last quarter.

About Abercrombie & Fitch

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.