Abercrombie & Fitch (NYSE:ANF) Stock Price Up 3.4% - Still a Buy?

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report)'s stock price was up 3.4% during trading on Tuesday . The company traded as high as $151.97 and last traded at $151.80. Approximately 212,524 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,703,911 shares. The stock had previously closed at $146.85.

Analyst Upgrades and Downgrades

ANF has been the subject of a number of recent analyst reports. UBS Group increased their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Friday, August 30th. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $178.38.

Abercrombie & Fitch Stock Performance

The company's 50 day simple moving average is $145.91 and its 200 day simple moving average is $153.33. The stock has a market cap of $7.69 billion, a PE ratio of 15.11 and a beta of 1.52.

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 (EPS) 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 for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. Equities research analysts expect that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Suzanne M. Coulter sold 2,870 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the sale, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares of the company's stock, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. Company insiders own 2.58% of the company's stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in ANF. CWM LLC increased its holdings in shares of Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock worth $94,000 after purchasing an additional 376 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Abercrombie & Fitch by 481.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,613 shares of the apparel retailer's stock worth $1,710,000 after acquiring an additional 7,960 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Abercrombie & Fitch by 84.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 4,496 shares of the apparel retailer's stock worth $800,000 after acquiring an additional 2,056 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Abercrombie & Fitch in the second quarter valued at $265,000. Finally, Hennessy Advisors Inc. raised its position in Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock valued at $89,347,000 after purchasing an additional 76,900 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.