Abercrombie & Fitch (NYSE:ANF) Given New $155.00 Price Target at JPMorgan Chase & Co.

Abercrombie & Fitch (NYSE:ANF) had its price objective cut by JPMorgan Chase & Co. from $168.00 to $155.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the apparel retailer’s stock.

Other research analysts have also issued reports about the company. UBS Group lowered their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. Raymond James set a $110.00 price target on Abercrombie & Fitch in a report on Thursday, March 6th. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Finally, Citigroup cut their target price on Abercrombie & Fitch from $135.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.29.

Abercrombie & Fitch Trading Down 1.0 %

ANF stock opened at $72.90 on Monday. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $196.99. The business’s 50-day moving average is $88.33 and its 200 day moving average is $123.62. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 7.21 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.48 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.97 earnings per share. As a group, equities analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its board has authorized a share buyback program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently made changes to their positions in ANF. SBI Securities Co. Ltd. purchased a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $27,000. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares during the period. Fifth Third Bancorp lifted its stake in shares of Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after buying an additional 132 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 260 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock worth $62,000 after buying an additional 98 shares during the last quarter.

About Abercrombie & Fitch

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.