Abercrombie & Fitch (NYSE:ANF) Hits New 12-Month Low – What’s Next?

Shares of Abercrombie & Fitch Co. (NYSE:ANF) hit a new 52-week low during trading on Tuesday . The company traded as low as $108.01 and last traded at $108.72, with a volume of 718358 shares traded. The stock had previously closed at $113.19.

Analyst Ratings Changes

ANF has been the topic of a number of recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $173.00 to $220.00 in a research report on Friday, January 10th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Morgan Stanley cut their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Stock Down 4.1 %

The stock’s fifty day moving average price is $139.02 and its 200-day moving average price is $143.07. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 10.73 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. Analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insider Activity

In related news, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now owns 97,850 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is owned by insiders.

Institutional Trading of Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Westfield Capital Management Co. LP bought a new stake in Abercrombie & Fitch in the third quarter worth approximately $73,048,000. Raymond James Financial Inc. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at $31,371,000. Wellington Management Group LLP lifted its position in shares of Abercrombie & Fitch by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after acquiring an additional 204,901 shares during the period. Boston Partners bought a new position in Abercrombie & Fitch during the fourth quarter worth $28,327,000. Finally, Fisher Asset Management LLC grew its holdings in Abercrombie & Fitch by 23.2% in the fourth quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer’s stock worth $104,898,000 after purchasing an additional 131,970 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.