Abercrombie & Fitch (NYSE:ANF – Free Report) had its target price raised by JPMorgan Chase & Co. from $194.00 to $195.00 in a report issued on Friday morning, Benzinga reports. The firm currently has an overweight rating on the apparel retailer’s stock.
Other equities analysts have also issued research reports about the company. Telsey Advisory Group reaffirmed an outperform rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a neutral rating to a buy rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Morgan Stanley reduced their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an equal weight rating on the stock in a research report on Thursday, August 29th. Argus cut shares of Abercrombie & Fitch from a buy rating to a hold rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $176.71.
Check Out Our Latest Stock Analysis on ANF
Abercrombie & Fitch Trading Down 5.0 %
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last announced its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.36. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, sell-side analysts predict that Abercrombie & Fitch will post 10.26 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Scott D. Lipesky sold 9,000 shares of the 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 owns 106,455 shares of the company’s stock, valued at $15,627,594. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 in the last quarter. 3.77% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Abercrombie & Fitch
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sage Rhino Capital LLC raised its holdings in shares of Abercrombie & Fitch by 5.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after acquiring an additional 89 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Abercrombie & Fitch by 3.6% during the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after purchasing an additional 115 shares during the period. Quarry LP raised its position in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after acquiring an additional 170 shares in the last quarter. Petra Financial Advisors Inc. boosted its stake in Abercrombie & Fitch by 3.0% during the second quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock worth $1,085,000 after acquiring an additional 176 shares in the last quarter. Finally, Matrix Trust Co bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $35,000.
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.
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