Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $170.00 at UBS Group

Abercrombie & Fitch (NYSE:ANF) had its price target boosted by UBS Group from $165.00 to $170.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the apparel retailer’s stock.

ANF has been the subject of several other reports. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group raised their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley decreased their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $177.43.

Abercrombie & Fitch Trading Up 0.0 %

NYSE ANF opened at $144.64 on Thursday. The company has a market capitalization of $7.39 billion, a PE ratio of 15.32 and a beta of 1.50. Abercrombie & Fitch has a 1-year low of $65.60 and a 1-year high of $196.99. The firm’s fifty day simple moving average is $141.87 and its 200-day simple moving average is $152.54.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The company 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, analysts predict that Abercrombie & Fitch will post 10.31 EPS for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. This trade represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock valued at $4,310,256 in the last 90 days. 2.58% of the stock is currently owned by insiders.

Institutional Trading of Abercrombie & Fitch

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock valued at $171,815,000 after purchasing an additional 63,157 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after buying an additional 204,901 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after acquiring an additional 120,509 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Abercrombie & Fitch by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock valued at $121,733,000 after acquiring an additional 60,022 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after acquiring an additional 512,700 shares during the period.

About Abercrombie & Fitch

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.