Jefferies Financial Group Raises Abercrombie & Fitch (NYSE:ANF) Price Target to $220.00

Abercrombie & Fitch (NYSE:ANF) had its price target raised by research analysts at Jefferies Financial Group from $215.00 to $220.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 57.53% from the stock’s current price.

A number of other equities research analysts also recently weighed in on ANF. UBS Group reduced their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Friday, August 30th. Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Morgan Stanley cut their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $179.14.

Abercrombie & Fitch Price Performance

NYSE:ANF traded down $3.28 during trading hours on Wednesday, reaching $139.66. 1,582,956 shares of the company were exchanged, compared to its average volume of 1,711,951. The company has a market capitalization of $7.14 billion, a P/E ratio of 17.33 and a beta of 1.54. Abercrombie & Fitch has a 1-year low of $49.24 and a 1-year high of $196.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.44 and a quick ratio of 1.15. The business has a 50 day moving average of $159.55 and a 200 day moving average of $145.89.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of Abercrombie & Fitch stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the transaction, the director now owns 5,880 shares in the company, valued at approximately $1,009,066.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Matrix Trust Co bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $35,000. Spire Wealth Management raised its holdings in shares of Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 107 shares during the period. Quarry LP raised its holdings in Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares during the period. USA Financial Formulas raised its holdings in Abercrombie & Fitch by 1,227.7% during the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 798 shares during the period. Finally, CWM LLC raised its holdings in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after acquiring an additional 376 shares during the period.

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.