Abercrombie & Fitch (NYSE:ANF) Upgraded at StockNews.com

StockNews.com upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research report report published on Monday.

Several other research analysts have also recently issued reports on ANF. Raymond James assumed coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They set an “outperform” rating and a $180.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Morgan Stanley boosted their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price target for the company from $173.00 to $220.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $130.11 on Monday. The stock has a market capitalization of $6.55 billion, a PE ratio of 12.87 and a beta of 1.52. Abercrombie & Fitch has a 52 week low of $95.51 and a 52 week high of $196.99. The stock has a 50 day moving average price of $147.83 and a two-hundred day moving average price of $149.40.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $1.83 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts forecast that Abercrombie & Fitch will post 10.61 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now directly owns 6,405 shares in the company, valued at $1,024,800. The trade was a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 over the last 90 days. Corporate insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares during the last quarter. Quarry LP boosted its stake in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after purchasing an additional 170 shares in the last quarter. GAMMA Investing LLC raised its position in Abercrombie & Fitch by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after purchasing an additional 222 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after purchasing an additional 624 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.