Argus Raises Abercrombie & Fitch (NYSE:ANF) Price Target to $130.00

Abercrombie & Fitch (NYSE:ANF - Get Free Report) had its target price increased by Argus from $97.00 to $130.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the apparel retailer's stock. Argus' target price indicates a potential upside of 11.54% from the stock's current price.

A number of other equities analysts have also recently issued reports on ANF. StockNews.com cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. Citigroup raised their price objective on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a "neutral" rating in a research note on Tuesday, February 27th. Morgan Stanley lifted their price target on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $152.00 price target (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Finally, UBS Group lifted their price target on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Hold" and an average target price of $122.71.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded up $2.22 during midday trading on Thursday, reaching $116.55. The company had a trading volume of 1,102,549 shares, compared to its average volume of 1,681,726. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 18.74 and a beta of 1.58. The stock has a fifty day simple moving average of $122.61 and a 200 day simple moving average of $93.13. Abercrombie & Fitch has a 1-year low of $21.74 and a 1-year high of $140.28.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.14. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. Abercrombie & Fitch's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. As a group, equities research analysts forecast that Abercrombie & Fitch will post 7.48 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of Abercrombie & Fitch stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the sale, the executive vice president now directly owns 1,014 shares in the company, valued at approximately $127,165.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kristin A. Scott sold 120,000 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the transaction, the insider now directly owns 38,208 shares in the company, valued at approximately $4,819,939.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 786 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total transaction of $98,572.26. Following the transaction, the executive vice president now owns 1,014 shares in the company, valued at $127,165.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,786 shares of company stock worth $20,096,812. Insiders own 3.77% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its stake in shares of Abercrombie & Fitch by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer's stock worth $2,244,000 after purchasing an additional 93 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Abercrombie & Fitch by 1.6% during the 4th quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer's stock worth $780,000 after buying an additional 132 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Abercrombie & Fitch by 36.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer's stock worth $46,000 after buying an additional 220 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Abercrombie & Fitch by 5.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,379 shares of the apparel retailer's stock worth $386,000 after buying an additional 227 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth about $25,000.

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.