Abercrombie & Fitch (NYSE:ANF) Given New $150.00 Price Target at UBS Group

Abercrombie & Fitch (NYSE:ANF - Free Report) had its price objective decreased by UBS Group from $210.00 to $150.00 in a research report released on Thursday morning, MarketBeat Ratings reports. UBS Group currently has a buy rating on the apparel retailer's stock.

Several other research firms have also weighed in on ANF. Citigroup dropped their price objective on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday. Jefferies Financial Group lowered their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. StockNews.com upgraded Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Saturday, March 1st. Finally, Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.88.

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Abercrombie & Fitch Stock Down 9.1 %

Shares of NYSE ANF traded down $7.87 during mid-day trading on Thursday, hitting $78.16. 2,774,352 shares of the company traded hands, compared to its average volume of 1,806,756. The business has a 50 day moving average of $119.47 and a two-hundred day moving average of $135.94. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 7.73 and a beta of 1.45. Abercrombie & Fitch has a 1 year low of $77.21 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $2.97 EPS. The company's revenue was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its Board of Directors has initiated a share buyback program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

Institutional Trading of Abercrombie & Fitch

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. SBI Securities Co. Ltd. acquired a new stake in Abercrombie & Fitch during the fourth quarter worth about $27,000. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC boosted its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after buying an additional 123 shares in the last quarter. Private Trust Co. NA grew its position in Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after acquiring an additional 272 shares during the period. Finally, Fifth Third Bancorp raised its stake in Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 132 shares in the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.