Abercrombie & Fitch (NYSE:ANF) Reaches New 52-Week Low - Here's What Happened

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

Analyst Ratings Changes

ANF has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, StockNews.com raised shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $182.25.

Abercrombie & Fitch Stock Up 1.6 %

The firm has a market capitalization of $5.63 billion, a P/E ratio of 11.06 and a beta of 1.49. The firm's 50-day simple moving average is $135.46 and its 200-day simple moving average is $142.00.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion during 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%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.83 EPS. As a group, analysts expect that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the company's stock in a transaction on 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 directly owns 6,405 shares in the company, valued at $1,024,800. This represents a 30.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Scott D. Lipesky sold 8,605 shares of the company's stock in a transaction 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 sale, the chief operating officer now owns 97,850 shares of the company's stock, valued at $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its holdings in Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer's stock valued at $1,322,000 after buying an additional 74 shares during the last quarter. Atria Investments Inc increased its position in Abercrombie & Fitch by 5.4% during the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer's stock valued at $219,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA increased its position in Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after purchasing an additional 98 shares during the period. UMB Bank n.a. increased its position in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 107 shares during the period. Finally, Evergreen Capital Management LLC increased its position in Abercrombie & Fitch by 2.0% during the 4th quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock valued at $816,000 after purchasing an additional 108 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.