Raymond James Has Lowered Expectations for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANF) had its target price decreased by equities researchers at Raymond James from $180.00 to $165.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the apparel retailer’s stock. Raymond James’ price target would indicate a potential upside of 25.99% from the company’s previous close.

A number of other research firms have also weighed in on ANF. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the stock from $173.00 to $220.00 in a research note on Friday. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.50.

Abercrombie & Fitch Trading Down 3.5 %

NYSE:ANF traded down $4.76 during midday trading on Tuesday, hitting $130.96. 1,986,992 shares of the company traded hands, compared to its average volume of 2,559,888. The firm’s fifty day moving average is $147.95 and its 200-day moving average is $149.73. Abercrombie & Fitch has a 12-month low of $95.51 and a 12-month high of $196.99. The firm has a market capitalization of $6.60 billion, a P/E ratio of 12.95 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $1.83 EPS. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts expect that Abercrombie & Fitch will post 10.61 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock worth $2,631,741 over the last quarter. Insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of large investors have recently modified their holdings of ANF. Harbor Capital Advisors Inc. boosted its position in Abercrombie & Fitch by 58.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 40,721 shares of the apparel retailer’s stock valued at $6,087,000 after buying an additional 14,968 shares during the last quarter. Diversified Trust Co boosted its position in Abercrombie & Fitch by 15.9% in the fourth quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer’s stock valued at $1,223,000 after buying an additional 1,122 shares during the last quarter. Nordea Investment Management AB boosted its position in Abercrombie & Fitch by 17.5% in the fourth quarter. Nordea Investment Management AB now owns 26,756 shares of the apparel retailer’s stock valued at $4,024,000 after buying an additional 3,978 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $212,000. Finally, GAMMA Investing LLC boosted its position in Abercrombie & Fitch by 34.0% in the fourth quarter. GAMMA Investing LLC now owns 1,056 shares of the apparel retailer’s stock valued at $158,000 after buying an additional 268 shares during the last quarter.

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.