Abercrombie & Fitch Co. (NYSE:ANF) Receives $176.57 Average PT from Brokerages

Abercrombie & Fitch Co. (NYSE:ANF) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $176.57.

ANF has been the topic of a number of recent research reports. UBS Group lowered their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group raised their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Morgan Stanley reduced their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th.

Insider Activity at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 in the last 90 days. 3.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. Truist Financial Corp acquired a new position in Abercrombie & Fitch during the 4th quarter worth about $472,000. Natixis Advisors L.P. bought a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $988,000. National Bank of Canada FI raised its position in shares of Abercrombie & Fitch by 1.6% in the 4th quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer’s stock worth $780,000 after acquiring an additional 132 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $1,393,000. Finally, Vise Technologies Inc. bought a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $306,000.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $134.51 on Thursday. The stock’s fifty day moving average price is $151.85 and its two-hundred day moving average price is $146.68. Abercrombie & Fitch has a one year low of $49.24 and a one year high of $196.99. The firm has a market cap of $6.87 billion, a PE ratio of 16.73 and a beta of 1.50.

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.