Abercrombie & Fitch (NYSE:ANF) Price Target Cut to $165.00

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

Other equities analysts have also issued reports about the company. Argus lowered Abercrombie & Fitch from a buy rating to a hold rating in a research note on Thursday, July 11th. Morgan Stanley lowered Abercrombie & Fitch to an equal weight rating and reduced their price objective for the company from $162.00 to $155.00 in a research note on Tuesday, August 27th. Citigroup lifted their price objective on Abercrombie & Fitch from $150.00 to $190.00 and gave the company a neutral rating in a research note on Thursday, May 30th. Telsey Advisory Group reaffirmed an outperform rating and issued a $208.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $155.00 to $215.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of Moderate Buy and an average price target of $178.43.

Abercrombie & Fitch Stock Up 3.8 %

ANF opened at $147.57 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.44 and a quick ratio of 1.15. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 18.35 and a beta of 1.54. The business has a 50-day moving average of $160.60 and a two-hundred day moving average of $145.54. Abercrombie & Fitch has a 12 month low of $49.24 and a 12 month high of $196.99.

Insider Buying and Selling

In related news, Director Kenneth B. Robinson sold 1,300 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,880 shares of the company’s stock, valued at approximately $1,009,066.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Abercrombie & Fitch news, Director Nigel Travis sold 7,700 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 19,855 shares of the company’s stock, valued at approximately $3,448,019.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth B. Robinson sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total value of $223,093.00. Following the completion of the transaction, the director now directly owns 5,880 shares in the company, valued at $1,009,066.80. The disclosure for this sale can be found here. 3.77% 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 business. Legacy Capital Group California Inc. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at approximately $1,125,000. Natixis Advisors L.P. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at approximately $988,000. Cetera Advisors LLC bought a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at approximately $674,000. Cetera Investment Advisers increased its holdings in shares of Abercrombie & Fitch by 209.2% in the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after acquiring an additional 32,915 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Abercrombie & Fitch by 123.3% in the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock valued at $6,026,000 after acquiring an additional 18,707 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.