Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) PT at $183.50

Abercrombie & Fitch Co. (NYSE:ANF) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $182.25.

ANF has been the topic of a number of research analyst reports. Raymond James decreased their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,401 shares of company stock worth $2,631,741. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of large investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its holdings in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC grew its position in Abercrombie & Fitch by 81.5% during the third 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 period. Private Trust Co. NA increased its stake in Abercrombie & Fitch by 604.4% during the third 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 last quarter. Quarry LP raised its holdings in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 132 shares in the last quarter.

Abercrombie & Fitch Stock Down 3.4 %

Shares of NYSE ANF opened at $125.97 on Wednesday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 12.46 and a beta of 1.52. Abercrombie & Fitch has a 52 week low of $100.84 and a 52 week high of $196.99. The firm has a 50-day moving average price of $146.71 and a 200 day moving average price of $147.61.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $1.83 EPS. Equities research analysts expect that Abercrombie & Fitch will post 10.64 EPS for the current fiscal year.

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.