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

Abercrombie & Fitch (NYSE:ANF) had its price target raised by analysts at JPMorgan Chase & Co. from $201.00 to $204.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 31.99% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Jefferies Financial Group increased their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, UBS Group boosted their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $179.50.

Abercrombie & Fitch Trading Up 0.9 %

Shares of Abercrombie & Fitch stock opened at $154.56 on Friday. The company has a fifty day simple moving average of $146.29 and a 200-day simple moving average of $153.13. Abercrombie & Fitch has a 12-month low of $86.91 and a 12-month high of $196.99. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 15.29 and a beta of 1.52.

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

Insider Transactions at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at $14,697,070. The trade was a 8.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value 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. Insiders have sold 17,401 shares of company stock valued at $2,631,741 in the last quarter. 2.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors have recently made changes to their positions in the stock. DGS Capital Management LLC acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $211,000. Retirement Systems of Alabama acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at $8,685,000. Franklin Resources Inc. lifted its stake in shares of Abercrombie & Fitch by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 48,338 shares of the apparel retailer’s stock worth $6,762,000 after purchasing an additional 976 shares during the period. Tidal Investments LLC boosted its holdings in shares of Abercrombie & Fitch by 47.9% during the third quarter. Tidal Investments LLC now owns 8,757 shares of the apparel retailer’s stock worth $1,225,000 after purchasing an additional 2,835 shares during the last quarter. Finally, Optimist Retirement Group LLC boosted its stake in Abercrombie & Fitch by 22.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer’s stock worth $239,000 after buying an additional 317 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.