UBS Group Boosts Abercrombie & Fitch (NYSE:ANF) Price Target to $155.00

Abercrombie & Fitch (NYSE:ANF) had its target price boosted by UBS Group from $145.00 to $155.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the apparel retailer’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com raised shares of Abercrombie & Fitch from a hold rating to a buy rating in a research note on Friday, April 12th. Telsey Advisory Group reaffirmed an outperform rating and issued a $152.00 price target (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $125.00 to $144.00 and gave the company a neutral rating in a research note on Friday, May 17th. Finally, Morgan Stanley lifted their price target on Abercrombie & Fitch from $103.00 to $112.00 and gave the stock an equal weight rating in a research report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $139.29.

Abercrombie & Fitch Trading Up 2.8 %

Shares of ANF stock opened at $145.90 on Tuesday. Abercrombie & Fitch has a 1 year low of $26.61 and a 1 year high of $148.24. The firm has a market capitalization of $7.46 billion, a PE ratio of 23.46 and a beta of 1.57. The stock has a fifty day moving average of $126.08 and a two-hundred day moving average of $107.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.14. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. As a group, research analysts expect that Abercrombie & Fitch will post 7.69 EPS for the current year.

Insider Activity

In related news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares in the company, valued at $58,127,767.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the completion of the sale, the chief financial officer now owns 88,558 shares in the company, valued at $11,330,996.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 558,786 shares of company stock worth $64,340,812. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANF. Vanguard Group Inc. lifted its holdings in Abercrombie & Fitch by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock valued at $348,992,000 after purchasing an additional 146,384 shares during the last quarter. FMR LLC raised its stake in shares of Abercrombie & Fitch by 12,439.3% in the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after acquiring an additional 5,271,516 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Abercrombie & Fitch by 101.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after acquiring an additional 681,375 shares in the last quarter. American Century Companies Inc. increased its holdings in Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock valued at $37,434,000 after purchasing an additional 419,781 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Abercrombie & Fitch by 54.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 491,085 shares of the apparel retailer’s stock valued at $27,682,000 after purchasing an additional 173,225 shares in the last quarter.

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.