Abercrombie & Fitch (NYSE:ANF) Upgraded by UBS Group to Buy Rating

UBS Group upgraded shares of Abercrombie & Fitch (NYSE:ANF - Free Report) from a neutral rating to a buy rating in a research report sent to investors on Friday, MarketBeat reports. UBS Group currently has $220.00 price objective on the apparel retailer's stock, up from their previous price objective of $173.00.

ANF has been the subject of several other reports. Morgan Stanley lifted their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. StockNews.com downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Friday, December 20th. Raymond James assumed coverage on Abercrombie & Fitch in a research note on Friday, December 6th. They issued an "outperform" rating and a $180.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.38.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded up $9.92 during midday trading on Friday, reaching $161.54. The stock had a trading volume of 2,423,574 shares, compared to its average volume of 1,623,377. The firm's fifty day simple moving average is $147.39 and its 200-day simple moving average is $150.37. The stock has a market capitalization of $8.14 billion, a P/E ratio of 15.98 and a beta of 1.52. Abercrombie & Fitch has a 1-year low of $95.47 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share. On average, sell-side analysts anticipate that Abercrombie & Fitch will post 10.61 earnings per share 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 on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares of the company's stock, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now directly owns 97,850 shares of the company's stock, valued at $14,697,070. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock valued at $2,631,741 in the last three months. Corporate insiders own 2.58% of the company's stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in Abercrombie & Fitch by 81.5% during the 3rd 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 grew its position in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock worth $44,000 after acquiring an additional 272 shares during the last quarter. Quarry LP grew 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 acquiring an additional 170 shares during the last quarter. GAMMA Investing LLC grew its position in Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock worth $110,000 after acquiring an additional 222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 624 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.