Abercrombie & Fitch (NYSE:ANF) Given New $167.00 Price Target at JPMorgan Chase & Co.

Abercrombie & Fitch (NYSE:ANFGet Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from $144.00 to $167.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 6.28% from the company’s current price.

Several other equities analysts also recently weighed in on ANF. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Citigroup lifted their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. UBS Group lifted their target price on shares of Abercrombie & Fitch from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Jefferies Financial Group lifted their target price on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $103.00 to $112.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.14.

Check Out Our Latest Analysis on ANF

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $178.19 on Wednesday. Abercrombie & Fitch has a 52-week low of $29.70 and a 52-week high of $196.99. The company has a 50-day simple moving average of $129.28 and a 200 day simple moving average of $110.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. The company has a market capitalization of $9.11 billion, a PE ratio of 28.65 and a beta of 1.57.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 7.67% and a return on equity of 38.80%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. On average, research analysts predict that Abercrombie & Fitch will post 7.8 EPS for the current year.

Insider Activity

In other news, insider Kristin A. Scott sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $126.15, for a total value of $15,138,000.00. Following the completion of the transaction, the insider now directly owns 38,208 shares in the company, valued at $4,819,939.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 525,520 shares in the company, valued at $58,127,767.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kristin A. Scott sold 120,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the sale, the insider now owns 38,208 shares of the company’s stock, valued at $4,819,939.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,786 shares of company stock worth $64,340,812. 3.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Abercrombie & Fitch by 278.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,455 shares of the apparel retailer’s stock worth $138,000 after acquiring an additional 1,807 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Abercrombie & Fitch by 36.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after acquiring an additional 220 shares in the last quarter. Signaturefd LLC raised its stake in shares of Abercrombie & Fitch by 1,500.9% during the third quarter. Signaturefd LLC now owns 1,713 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 1,606 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Abercrombie & Fitch by 3,067.6% during the third quarter. Victory Capital Management Inc. now owns 444,547 shares of the apparel retailer’s stock worth $25,059,000 after acquiring an additional 430,513 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Abercrombie & Fitch during the third quarter worth approximately $471,000.

About Abercrombie & Fitch

(Get Free Report)

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.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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