Abercrombie & Fitch (NYSE:ANF) Trading 3.9% Higher

Abercrombie & Fitch Co. (NYSE:ANF) rose 3.9% during mid-day trading on Thursday . The company traded as high as $148.02 and last traded at $147.45. Approximately 690,474 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 1,515,925 shares. The stock had previously closed at $141.88.

Analyst Ratings Changes

ANF has been the subject of several research analyst reports. Jefferies Financial Group raised their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Argus lifted their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their price target on Abercrombie & Fitch from $103.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $152.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday. Finally, Citigroup boosted their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Abercrombie & Fitch Price Performance

The business’s 50 day simple moving average is $126.56 and its two-hundred day simple moving average is $107.70. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.67 billion, a P/E ratio of 24.14 and a beta of 1.57.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 7.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the sale, the executive vice president now directly owns 1,014 shares in the company, valued at $127,165.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jay Rust sold 786 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total transaction of $98,572.26. Following the completion of the sale, the executive vice president now owns 1,014 shares of the company’s stock, valued at $127,165.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The disclosure for this sale can be found here. Insiders sold a total of 558,786 shares of company stock valued at $64,340,812 in the last three months. 3.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Abercrombie & Fitch by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock valued at $348,992,000 after acquiring an additional 146,384 shares in the last quarter. FMR LLC boosted its stake in shares of Abercrombie & Fitch by 12,439.3% in the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after buying an additional 5,271,516 shares during the period. Pacer Advisors Inc. lifted its stake in Abercrombie & Fitch by 101.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after purchasing an additional 681,375 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Abercrombie & Fitch by 171.8% in the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock valued at $37,434,000 after acquiring an additional 419,781 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Abercrombie & Fitch by 54.5% in the third quarter. Qube Research & Technologies Ltd now owns 491,085 shares of the apparel retailer’s stock valued at $27,682,000 after purchasing an additional 173,225 shares during the period.

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.