Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $105.05 and last traded at $104.63, with a volume of 391520 shares changing hands. The stock had previously closed at $108.84.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on ANF. Telsey Advisory Group restated an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. UBS Group upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Morgan Stanley decreased 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 report on Wednesday, January 15th. Raymond James dropped their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price target 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $182.25.
View Our Latest Stock Analysis on Abercrombie & Fitch
Abercrombie & Fitch Trading Down 2.7 %
The firm has a 50-day simple moving average of $132.14 and a two-hundred day simple moving average of $140.83. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 9.92 and a beta of 1.49.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping 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 firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company earned $1.83 earnings per share. Abercrombie & Fitch's revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.
Insider Buying and Selling
In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 22,059 shares of the company's stock, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now directly owns 6,405 shares of the company's stock, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company's stock.
Institutional Trading of Abercrombie & Fitch
Several institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Abercrombie & Fitch in the 4th quarter valued at about $27,000. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA increased its position in shares of 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 purchasing an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in 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 during the last quarter.
Abercrombie & Fitch Company Profile
(
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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.
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