Abercrombie & Fitch Co. (NYSE:ANF) Receives Average Rating of “Moderate Buy” from Brokerages

Abercrombie & Fitch Co. (NYSE:ANF) 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.

Insider Buying and Selling

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

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.