Abercrombie & Fitch (NYSE:ANF) PT Raised to $215.00 at Jefferies Financial Group

Abercrombie & Fitch (NYSE:ANFGet Free Report) had its target price boosted by equities research analysts at Jefferies Financial Group from $155.00 to $215.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 20.66% from the company’s current price.

A number of other equities research analysts have also recently issued reports on ANF. UBS Group upped their target price on Abercrombie & Fitch from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Argus upped their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased 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. Citigroup increased their price objective on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $152.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.14.

Get Our Latest Research Report on Abercrombie & Fitch

Abercrombie & Fitch Trading Down 5.9 %

NYSE:ANF opened at $178.19 on Wednesday. The stock’s 50 day moving average price is $129.28 and its 200 day moving average price is $110.49. Abercrombie & Fitch has a 52 week low of $29.70 and a 52 week high of $196.99. The company has a market capitalization of $9.11 billion, a P/E ratio of 28.65 and a beta of 1.57. 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:ANFGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.48. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $967.37 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that Abercrombie & Fitch will post 7.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 525,520 shares in the company, valued at $58,127,767.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 1,014 shares in the company, valued at $127,165.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The disclosure for this sale can be found here. Insiders sold a total of 558,786 shares of company stock valued at $64,340,812 over the last ninety days. 3.77% of the stock is owned by company insiders.

Institutional Trading of Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of Abercrombie & Fitch by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock valued at $2,244,000 after buying an additional 93 shares in the last quarter. Spire Wealth Management increased its stake in shares of Abercrombie & Fitch by 51.4% in the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 107 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Abercrombie & Fitch by 1.6% in the fourth quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer’s stock valued at $780,000 after buying an additional 132 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Abercrombie & Fitch by 36.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after buying an additional 220 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Abercrombie & Fitch by 0.3% in the first quarter. Swiss National Bank now owns 99,500 shares of the apparel retailer’s stock valued at $12,470,000 after acquiring an additional 300 shares during the last quarter.

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.

Further Reading

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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