Abercrombie & Fitch (NYSE:ANF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $128.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Morgan Stanley increased their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, February 26th. The Goldman Sachs Group started coverage on shares of Abercrombie & Fitch in a research note on Thursday, December 11th. They set a “buy” rating and a $120.00 price target on the stock. Finally, UBS Group reduced their price target on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.90.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $97.88 on Friday. The firm has a market cap of $4.49 billion, a P/E ratio of 9.38 and a beta of 1.19. The firm’s 50 day moving average price is $105.81 and its 200-day moving average price is $93.34. Abercrombie & Fitch has a one year low of $65.40 and a one year high of $133.11.

Insiders Place Their Bets

In related news, CEO Fran Horowitz sold 29,769 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $100.00, for a total value of $2,976,900.00. Following the completion of the transaction, the chief executive officer owned 308,503 shares in the company, valued at $30,850,300. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 350,000 shares of company stock valued at $34,661,358 over the last 90 days. 2.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several institutional investors have recently modified their holdings of ANF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Abercrombie & Fitch by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock valued at $2,254,000 after buying an additional 892 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Abercrombie & Fitch by 521.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 839 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Abercrombie & Fitch in the 1st quarter valued at about $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Abercrombie & Fitch by 8.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock worth $9,729,000 after acquiring an additional 10,459 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Abercrombie & Fitch during the second quarter worth approximately $348,000.

About Abercrombie & Fitch

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.