UBS Group Issues Positive Forecast for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANF) had its target price lifted by UBS Group from $170.00 to $173.00 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the apparel retailer’s stock.

ANF has been the topic of a number of other research reports. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 30th. Jefferies Financial Group raised their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Morgan Stanley raised their price target on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus target price of $178.14.

Abercrombie & Fitch Trading Up 1.3 %

NYSE ANF opened at $148.59 on Wednesday. The business’s 50 day moving average is $143.37 and its two-hundred day moving average is $153.58. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.74 and a beta of 1.50. Abercrombie & Fitch has a 12-month low of $74.68 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.19. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Abercrombie & Fitch’s revenue was up 14.4% compared to the same quarter last year. Equities analysts forecast that Abercrombie & Fitch will post 10.35 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 over the last three months. 2.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ANF. Matrix Trust Co acquired a new position in Abercrombie & Fitch in the second quarter valued at $35,000. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 123 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 604.4% during 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 period. Quarry LP boosted its position in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after acquiring an additional 170 shares during the last quarter. Finally, CWM LLC grew its holdings in Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the period.

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.