Abercrombie & Fitch (NYSE:ANF) PT Raised to $220.00

Abercrombie & Fitch (NYSE:ANF) had its price objective lifted by Jefferies Financial Group from $215.00 to $220.00 in a research report report published on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the apparel retailer’s stock.

A number of other equities analysts have also issued reports on ANF. UBS Group lowered their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a neutral rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an outperform rating and issued a $208.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 28th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a neutral rating to an overweight rating and lifted their price objective for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Morgan Stanley lowered their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an equal weight rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup upgraded shares of Abercrombie & Fitch from a neutral rating to a buy rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $179.14.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $130.93 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.69 billion, a PE ratio of 16.28 and a beta of 1.50. The company’s 50 day simple moving average is $157.23 and its 200-day simple moving average is $146.07. Abercrombie & Fitch has a 12-month low of $49.24 and a 12-month high of $196.99.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction 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 completion of the transaction, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction 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 completion of the transaction, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The disclosure for this sale can be found here. 3.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co purchased a new stake in Abercrombie & Fitch during the 2nd quarter worth about $35,000. Quarry LP increased its position in Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares in the last quarter. Spire Wealth Management increased its position in Abercrombie & Fitch by 51.4% during the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 107 shares in the last quarter. CWM LLC increased its position in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after purchasing an additional 624 shares in the last quarter.

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.