Jefferies Financial Group Raises Abercrombie & Fitch (NYSE:ANF) Price Target to $220.00

Abercrombie & Fitch (NYSE:ANF) had its price target increased by Jefferies Financial Group from $215.00 to $220.00 in a research note released on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the apparel retailer’s stock.

A number of other equities research analysts also recently weighed in on the stock. Argus downgraded shares of Abercrombie & Fitch from a buy rating to a hold rating in a research note on Thursday, July 11th. UBS Group cut their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a neutral rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an outperform rating and set a $208.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 28th. JPMorgan Chase & Co. raised Abercrombie & Fitch from a neutral rating to an overweight rating and raised their price objective for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Finally, Morgan Stanley cut their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an equal weight rating on the stock in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $179.14.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $131.04 on Wednesday. Abercrombie & Fitch has a twelve month low of $49.24 and a twelve month high of $196.99. The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $157.23 and its 200 day simple moving average is $145.86. The firm has a market capitalization of $6.70 billion, a PE ratio of 16.30 and a beta of 1.50.

Insider Activity at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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 approximately $5,222,568.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The disclosure for this sale can be found here. 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. Legacy Capital Group California Inc. bought a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $1,125,000. Natixis Advisors L.P. bought a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $988,000. Cetera Advisors LLC bought a new position in shares of Abercrombie & Fitch in the 1st quarter worth about $674,000. Cetera Investment Advisers raised its position in shares of Abercrombie & Fitch by 209.2% in the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock worth $6,097,000 after acquiring an additional 32,915 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Abercrombie & Fitch by 123.3% in the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock worth $6,026,000 after acquiring an additional 18,707 shares in the last quarter.

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.