Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) Target Price at $176.57

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $176.57.

A number of research analysts have commented on ANF shares. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and raised their target price for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Jefferies Financial Group lifted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a report on Thursday, August 29th. UBS Group cut their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Finally, Citigroup raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Friday, August 30th.

Insider Activity

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company's stock, valued at $5,222,568.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares of the company's stock, valued at $15,627,594. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,541 shares of company stock worth $4,310,256. Insiders own 3.77% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ANF. Matrix Trust Co acquired a new stake in shares of Abercrombie & Fitch in the second quarter worth $35,000. Spire Wealth Management grew its position in Abercrombie & Fitch by 51.4% during the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer's stock worth $39,000 after purchasing an additional 107 shares during the period. Quarry LP raised its stake in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after buying an additional 170 shares during the last quarter. CWM LLC raised its stake in shares of Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer's stock valued at $94,000 after buying an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock valued at $112,000 after buying an additional 624 shares during the period.

Abercrombie & Fitch Stock Up 4.7 %

Shares of Abercrombie & Fitch stock traded up $6.19 during trading on Thursday, hitting $137.40. 1,660,010 shares of the stock traded hands, compared to its average volume of 1,718,263. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $154.17 and its 200 day simple moving average is $146.30. The firm has a market cap of $7.02 billion, a P/E ratio of 16.33 and a beta of 1.50. Abercrombie & Fitch has a 52-week low of $49.24 and a 52-week high of $196.99.

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.