Abercrombie & Fitch (NYSE:ANF) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other analysts have also weighed in on the stock. Raymond James cut their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the company from $173.00 to $220.00 in a research report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Trading Up 1.5 %

NYSE ANF opened at $102.94 on Friday. The stock has a market cap of $5.19 billion, a P/E ratio of 10.18 and a beta of 1.49. Abercrombie & Fitch has a 12-month low of $99.12 and a 12-month high of $196.99. The company has a fifty day simple moving average of $127.32 and a two-hundred day simple moving average of $139.33.

Insider Transactions at Abercrombie & Fitch

In other news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now directly owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $10,212,000. Virtue Capital Management LLC raised its stake in Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer’s stock worth $1,229,000 after purchasing an additional 102 shares during the period. Toronto Dominion Bank purchased a new position in Abercrombie & Fitch during the fourth quarter worth about $399,000. Invst LLC raised its stake in Abercrombie & Fitch by 15.7% during the fourth quarter. Invst LLC now owns 4,017 shares of the apparel retailer’s stock worth $600,000 after purchasing an additional 545 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Abercrombie & Fitch during the fourth quarter worth about $247,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.