Abercrombie & Fitch (NYSE:ANF) Given New $204.00 Price Target at JPMorgan Chase & Co.

Abercrombie & Fitch (NYSE:ANF - Free Report) had its price target increased by JPMorgan Chase & Co. from $201.00 to $204.00 in a report issued on Friday, MarketBeat Ratings reports. The firm currently has an overweight rating on the apparel retailer's stock.

Several other analysts also 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, November 26th. Raymond James began coverage on Abercrombie & Fitch in a report on Friday, December 6th. They set an "outperform" rating and a $180.00 price objective on the stock. Morgan Stanley increased their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Finally, Citigroup raised shares of 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.50.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $1.31 during mid-day trading on Friday, hitting $154.56. The company's stock had a trading volume of 3,540,339 shares, compared to its average volume of 1,721,162. The firm has a market capitalization of $7.79 billion, a P/E ratio of 15.29 and a beta of 1.52. Abercrombie & Fitch has a 52-week low of $86.91 and a 52-week high of $196.99. The stock's fifty day simple moving average is $146.19 and its two-hundred day simple moving average is $153.28.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $1.83 EPS. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts forecast that Abercrombie & Fitch will post 10.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Scott D. Lipesky sold 8,605 shares of the business's stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the executive vice president now owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. 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. Company insiders own 2.58% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Abercrombie & Fitch by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer's stock worth $171,815,000 after purchasing an additional 63,157 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer's stock worth $142,379,000 after buying an additional 204,901 shares during the period. Marshall Wace LLP grew its holdings in Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock worth $155,281,000 after buying an additional 120,509 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Abercrombie & Fitch by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock valued at $121,733,000 after acquiring an additional 60,022 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock valued at $153,494,000 after acquiring an additional 512,700 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.