Abercrombie & Fitch (NYSE:ANF) Price Target Cut to $128.00 by Analysts at JPMorgan Chase & Co.

Abercrombie & Fitch (NYSE:ANF) had its price target trimmed by JPMorgan Chase & Co. from $130.00 to $128.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

A number of other research firms also recently commented on ANF. Zacks Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. UBS Group increased their target price on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. The Goldman Sachs Group started coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 price target on the stock. Citigroup boosted their price objective on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a research report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.10.

Abercrombie & Fitch Stock Performance

ANF opened at $100.63 on Tuesday. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $134.16. The company’s 50 day simple moving average is $104.65 and its 200 day simple moving average is $93.11. The stock has a market capitalization of $4.62 billion, a PE ratio of 9.65 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. Abercrombie & Fitch’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.50 earnings per share. As a group, sell-side analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of large investors have recently added to or reduced their stakes in ANF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Abercrombie & Fitch by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock worth $2,254,000 after buying an additional 892 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Abercrombie & Fitch by 521.1% during the first 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 in the last quarter. United Services Automobile Association purchased a new stake in shares of Abercrombie & Fitch during the first quarter worth about $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Abercrombie & Fitch by 8.9% in the first 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, Parallel Advisors LLC lifted its stake in shares of Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 527 shares in the last quarter.

Abercrombie & Fitch Company Profile

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.