Abercrombie & Fitch's (ANF) Outperform Rating Reaffirmed at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $190.00 price target on the apparel retailer's stock. Telsey Advisory Group's price objective indicates a potential upside of 44.75% from the stock's previous close.

A number of other brokerages have also issued reports on ANF. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 29th. Citigroup raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and upped their target price for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. UBS Group reduced their target price 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, Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Abercrombie & Fitch has an average rating of "Moderate Buy" and an average price target of $176.57.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded up $1.40 during mid-day trading on Wednesday, hitting $131.26. 2,111,109 shares of the stock were exchanged, compared to its average volume of 1,718,591. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 1.44. The firm's 50-day simple moving average is $154.17 and its 200 day simple moving average is $146.30. Abercrombie & Fitch has a fifty-two week low of $49.24 and a fifty-two week high of $196.99. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 16.33 and a beta of 1.50.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company's stock, valued at $3,676,109.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company's stock, valued at $3,676,109.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the company's 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 transaction, 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. Insiders have sold 31,541 shares of company stock valued at $4,310,256 over the last ninety days. 3.77% of the stock is owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

A number of hedge funds have recently made changes to their positions in ANF. Matrix Trust Co acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth approximately $35,000. Quarry LP raised its stake in shares of Abercrombie & Fitch by 156.0% during 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. Spire Wealth Management lifted its holdings in shares of Abercrombie & Fitch by 51.4% during the first 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. CWM LLC grew its stake 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Abercrombie & Fitch by 8,914.3% in the second 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.

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.