Abercrombie & Fitch (NYSE:ANF) Given New $139.00 Price Target at Morgan Stanley

Abercrombie & Fitch (NYSE:ANF) had its price objective decreased by Morgan Stanley from $149.00 to $139.00 in a research report report published on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the apparel retailer’s stock.

A number of other research firms have also recently commented on ANF. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday. Raymond James reduced their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Trading Up 0.7 %

NYSE:ANF opened at $130.85 on Wednesday. Abercrombie & Fitch has a 1-year low of $95.51 and a 1-year high of $196.99. The firm has a fifty day simple moving average of $147.72 and a 200 day simple moving average of $149.26. The stock has a market capitalization of $6.59 billion, a PE ratio of 12.94 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $1.83 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that Abercrombie & Fitch will post 10.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC grew its holdings in shares of Abercrombie & Fitch by 3.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 374,061 shares of the apparel retailer’s stock worth $55,911,000 after purchasing an additional 11,582 shares during the last quarter. Gateway Investment Advisers LLC bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $2,539,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Abercrombie & Fitch by 10.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,482 shares of the apparel retailer’s stock valued at $819,000 after acquiring an additional 519 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Abercrombie & Fitch by 58.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 40,721 shares of the apparel retailer’s stock valued at $6,087,000 after acquiring an additional 14,968 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Abercrombie & Fitch by 15.9% in the fourth quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer’s stock valued at $1,223,000 after acquiring an additional 1,122 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.