Abercrombie & Fitch (NYSE:ANF) Given New $139.00 Price Target at Morgan Stanley

Abercrombie & Fitch (NYSE:ANF - Free Report) had its target price cut by Morgan Stanley from $149.00 to $139.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer's stock.

Several other analysts have also issued reports on the stock. UBS Group upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and raised their price target for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Raymond James cut their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of "Moderate Buy" and a consensus price target of $182.25.

Abercrombie & Fitch Stock Down 1.0 %

Shares of NYSE:ANF traded down $1.28 during trading on Wednesday, reaching $130.11. The stock had a trading volume of 2,732,144 shares, compared to its average volume of 2,743,391. The stock has a fifty day simple moving average of $147.83 and a two-hundred day simple moving average of $149.40. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.87 and a beta of 1.52. Abercrombie & Fitch has a 52 week low of $95.51 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. On average, analysts forecast that Abercrombie & Fitch will post 10.61 EPS for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director Suzanne M. Coulter sold 2,870 shares of the 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 sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. This represents a 30.94 % 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 link. Also, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly 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. Over the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANF. Farther Finance Advisors LLC increased its holdings 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 valued at $38,000 after purchasing an additional 123 shares in the last quarter. Private Trust Co. NA raised 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 acquiring an additional 272 shares during the last quarter. Quarry LP boosted its holdings in Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after acquiring an additional 170 shares during the last quarter. GAMMA Investing LLC increased its position in Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock worth $110,000 after purchasing an additional 222 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 purchasing an additional 624 shares during 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.