Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $190.00 at Citigroup

Abercrombie & Fitch (NYSE:ANFFree Report) had its target price upped by Citigroup from $150.00 to $190.00 in a report released on Thursday, Benzinga reports. The firm currently has a neutral rating on the apparel retailer’s stock.

Several other analysts also recently commented on ANF. StockNews.com upgraded shares of Abercrombie & Fitch from a hold rating to a buy rating in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $144.00 to $167.00 and gave the company a neutral rating in a research report on Wednesday. Morgan Stanley increased their target price on Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an equal weight rating in a research report on Thursday. Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a buy rating in a report on Wednesday. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $152.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $174.14.

Check Out Our Latest Stock Report on Abercrombie & Fitch

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $178.19 on Thursday. 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 stock has a 50-day simple moving average of $129.28 and a two-hundred day simple moving average of $110.49. The firm has a market capitalization of $9.11 billion, a PE ratio of 28.65 and a beta of 1.57. Abercrombie & Fitch has a 52-week low of $29.70 and a 52-week high of $196.99.

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 for the quarter, beating analysts’ consensus estimates of $1.66 by $0.48. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $967.37 million. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. Analysts forecast that Abercrombie & Fitch will post 7.8 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the transaction, the executive vice president now directly owns 1,014 shares of the company’s stock, valued at $127,165.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following 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, EVP Jay Rust sold 786 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the transaction, the executive vice president now owns 1,014 shares of the company’s stock, valued at approximately $127,165.74. The disclosure for this sale can be found here. Insiders have sold 558,786 shares of company stock valued at $64,340,812 in the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

Hedge funds and other institutional investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new position in Abercrombie & Fitch during the fourth quarter valued at $33,000. Spire Wealth Management grew its holdings in Abercrombie & Fitch by 51.4% during the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 107 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 220 shares during the period. GAMMA Investing LLC bought a new stake in Abercrombie & Fitch in the fourth quarter worth about $49,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $62,000.

Abercrombie & Fitch Company Profile

(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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