Abercrombie & Fitch (NYSE:ANF) Trading Up 6.1% – What’s Next?

Abercrombie & Fitch Co. (NYSE:ANF)’s stock price traded up 6.1% during trading on Friday . The stock traded as high as $161.89 and last traded at $160.81. 1,698,060 shares changed hands during trading, an increase of 15% from the average session volume of 1,482,091 shares. The stock had previously closed at $151.62.

Wall Street Analyst Weigh In

Several analysts have issued reports on ANF shares. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Raymond James started coverage on Abercrombie & Fitch in a report on Friday, December 6th. They set an “outperform” rating and a $180.00 price objective for the company. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $185.38.

Abercrombie & Fitch Stock Up 6.5 %

The company has a market cap of $8.14 billion, a P/E ratio of 15.98 and a beta of 1.52. The business’s 50 day moving average is $147.99 and its 200 day moving average is $150.15.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.83 earnings per share. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. This trade represents a 8.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 over the last three months. 2.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake 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 period. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares in the last quarter. Private Trust Co. NA boosted 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 valued at $44,000 after purchasing an additional 272 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares during the period. Finally, Plato Investment Management Ltd raised its stake in shares of Abercrombie & Fitch by 66.1% in the second quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock valued at $132,000 after acquiring an additional 295 shares in 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.