UBS Group Increases Abercrombie & Fitch (NYSE:ANF) Price Target to $155.00

Abercrombie & Fitch (NYSE:ANF) had its price objective boosted by equities researchers at UBS Group from $145.00 to $155.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s target price would suggest a potential upside of 9.17% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Citigroup upped their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Argus increased their target price on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $125.00 to $144.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group increased their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.29.

Abercrombie & Fitch Stock Down 1.7 %

Shares of NYSE:ANF opened at $141.99 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 22.83 and a beta of 1.57. The company has a 50 day moving average of $125.67 and a 200-day moving average of $106.85. Abercrombie & Fitch has a one year low of $22.65 and a one year high of $146.93.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.14. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. On average, sell-side analysts forecast that Abercrombie & Fitch will post 7.69 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 35,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the completion of the transaction, the chief financial officer now directly owns 88,558 shares in the company, valued at $11,330,996.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Fran Horowitz sold 400,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the completion of the transaction, the chief financial officer now owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The disclosure for this sale can be found here. Insiders have sold 558,786 shares of company stock valued at $64,340,812 in the last 90 days. 3.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $33,000. Spire Wealth Management grew its position in shares of Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 107 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Abercrombie & Fitch by 36.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 220 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $49,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $62,000.

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.