Jefferies Financial Group Cuts Abercrombie & Fitch (NYSE:ANF) Price Target to $170.00

Abercrombie & Fitch (NYSE:ANF) had its target price decreased by stock analysts at Jefferies Financial Group from $220.00 to $170.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the apparel retailer’s stock. Jefferies Financial Group’s target price points to a potential upside of 94.45% from the stock’s previous close.

Several other research firms have also commented on ANF. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, February 26th. Raymond James decreased their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Morgan Stanley decreased their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $171.50.

Abercrombie & Fitch Stock Down 9.0 %

Shares of NYSE ANF traded down $8.69 during midday trading on Wednesday, reaching $87.43. 10,065,655 shares of the company’s stock traded hands, compared to its average volume of 1,833,866. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 8.65 and a beta of 1.49. Abercrombie & Fitch has a one year low of $79.87 and a one year high of $196.99. The stock’s 50 day simple moving average is $125.08 and its 200-day simple moving average is $138.29.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.07. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.97 EPS. Equities analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Institutional Trading of Abercrombie & Fitch

Several large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $27,000. UMB Bank n.a. lifted its stake in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of 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 acquiring an additional 123 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 132 shares during the last quarter.

Abercrombie & Fitch Company Profile

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.