Abercrombie & Fitch (NYSE:ANF) Hits New 12-Month Low - Should You Sell?
Shares of Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $98.58 and last traded at $97.56, with a volume of 2014924 shares. The stock had previously closed at $102.99.
A number of equities research analysts have recently issued reports on ANF shares. Morgan Stanley cut their price objective on shares of 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. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. StockNews.com raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, Raymond James decreased their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. 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 stock has a consensus rating of "Moderate Buy" and an average price target of $182.25.
Check Out Our Latest Research Report on ANF
The business has a fifty day moving average of $126.19 and a 200 day moving average of $138.78. The company has a market cap of $4.87 billion, a P/E ratio of 9.56 and a beta of 1.49.
In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now directly owns 6,405 shares of the company's stock, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.58% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ANF. Raymond James & Associates lifted its holdings in shares of Abercrombie & Fitch by 85.6% during the third quarter. Raymond James & Associates now owns 19,559 shares of the apparel retailer's stock valued at $2,736,000 after purchasing an additional 9,022 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Abercrombie & Fitch by 11.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,716 shares of the apparel retailer's stock valued at $1,499,000 after buying an additional 1,103 shares in the last quarter. US Bancorp DE raised its stake in Abercrombie & Fitch by 62.2% during the third quarter. US Bancorp DE now owns 1,476 shares of the apparel retailer's stock valued at $206,000 after buying an additional 566 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 123 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Abercrombie & Fitch by 18.7% in the third quarter. Janney Montgomery Scott LLC now owns 11,619 shares of the apparel retailer's stock worth $1,625,000 after acquiring an additional 1,831 shares during the last quarter.
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.
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