Abercrombie & Fitch (NYSE:ANF) Shares Gap Up to $153.08

Abercrombie & Fitch Co. (NYSE:ANF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $153.08, but opened at $160.57. Abercrombie & Fitch shares last traded at $159.72, with a volume of 328,400 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ANF shares. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. Jefferies Financial Group increased their target price on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and increased their target price for the company from $167.00 to $194.00 in a research note on Monday, July 22nd. Finally, UBS Group increased their target price on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price of $178.00.

Abercrombie & Fitch Trading Up 5.9 %

The company has a current ratio of 1.64, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The firm has a market cap of $8.28 billion, a PE ratio of 19.04 and a beta of 1.54. The company’s 50-day moving average is $166.04 and its 200 day moving average is $140.93.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, beating the consensus estimate of $1.66 by $0.48. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts predict that Abercrombie & Fitch Co. will post 9.35 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $176.48, for a total value of $727,097.60. Following the transaction, the director now owns 7,565 shares in the company, valued at approximately $1,335,071.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $176.48, for a total value of $1,588,320.00. Following the transaction, the chief financial officer now owns 115,455 shares in the company, valued at approximately $20,375,498.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James A. Goldman sold 4,120 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $176.48, for a total transaction of $727,097.60. Following the completion of the transaction, the director now owns 7,565 shares in the company, valued at approximately $1,335,071.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,120 shares of company stock worth $3,875,693. 3.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ANF. Matrix Trust Co acquired a new position in shares of Abercrombie & Fitch during the 2nd quarter worth $35,000. Spire Wealth Management increased its stake in shares of Abercrombie & Fitch by 51.4% during the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth $49,000. Daiwa Securities Group Inc. acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth $62,000. Finally, USA Financial Formulas increased its stake in shares of Abercrombie & Fitch by 1,227.7% during the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 798 shares during 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.