UBS Group Cuts Abercrombie & Fitch (NYSE:ANF) Price Target to $165.00

Abercrombie & Fitch (NYSE:ANF) had its target price cut by UBS Group from $193.00 to $165.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Other research analysts have also issued research reports about the company. Citigroup upped their price target on Abercrombie & Fitch from $150.00 to $190.00 and gave the company a neutral rating in a research report on Thursday, May 30th. Telsey Advisory Group restated an outperform rating and set a $208.00 target price on shares of Abercrombie & Fitch in a report on Wednesday. Morgan Stanley downgraded shares of Abercrombie & Fitch to an equal weight rating and reduced their price objective for the company from $162.00 to $155.00 in a research report on Tuesday, August 27th. Argus cut shares of Abercrombie & Fitch from a buy rating to a hold rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price target on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $178.43.

Abercrombie & Fitch Stock Up 3.8 %

Shares of NYSE ANF opened at $147.57 on Thursday. The firm’s fifty day moving average is $160.60 and its 200 day moving average is $145.36. Abercrombie & Fitch has a 52 week low of $49.24 and a 52 week high of $196.99. The company has a quick ratio of 1.15, a current ratio of 1.64 and a debt-to-equity ratio of 0.20. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 18.35 and a beta of 1.54.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, beating the consensus estimate of $1.66 by $0.48. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, equities research analysts expect that Abercrombie & Fitch will post 9.35 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,300 shares of Abercrombie & Fitch stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the transaction, the director now directly owns 5,880 shares of the company’s stock, valued at approximately $1,009,066.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of Abercrombie & Fitch stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the transaction, the director now owns 5,880 shares in the company, valued at $1,009,066.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nigel Travis sold 7,700 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $173.66, for a total value of $1,337,182.00. Following the completion of the sale, the director now directly owns 19,855 shares in the company, valued at $3,448,019.30. The disclosure for this sale can be found here. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co purchased a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $35,000. Spire Wealth Management increased its holdings in shares of Abercrombie & Fitch by 51.4% in 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 in the last quarter. GAMMA Investing LLC purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth $49,000. Quarry LP lifted its holdings 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 purchasing an additional 170 shares in the last quarter. Finally, USA Financial Formulas boosted its position in shares of Abercrombie & Fitch by 1,227.7% during the fourth quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 798 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.