Abercrombie & Fitch Co. (NYSE:ANF – Get Free Report) has been given an average rating of “Moderate Buy” by the seven brokerages that are 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is $176.57.
A number of equities research analysts have recently commented on ANF shares. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, UBS Group reduced their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th.
Read Our Latest Stock Report on ANF
Insider Buying and Selling
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in shares of Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after purchasing an additional 512,700 shares during the period. Norges Bank bought a new position in Abercrombie & Fitch in the 4th quarter worth about $37,632,000. Assenagon Asset Management S.A. increased its stake in Abercrombie & Fitch by 2,036.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock worth $74,615,000 after acquiring an additional 399,922 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $32,897,000. Finally, Jupiter Asset Management Ltd. boosted its position in shares of Abercrombie & Fitch by 613.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer’s stock valued at $44,694,000 after acquiring an additional 306,616 shares during the last quarter.
Abercrombie & Fitch Trading Up 0.8 %
Shares of Abercrombie & Fitch stock opened at $135.47 on Thursday. The firm has a market capitalization of $6.92 billion, a P/E ratio of 16.85 and a beta of 1.50. The business’s fifty day simple moving average is $150.96 and its 200 day simple moving average is $146.70. Abercrombie & Fitch has a 12 month low of $49.24 and a 12 month high of $196.99.
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.
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