Abercrombie & Fitch Co. (NYSE:ANF) Stake Boosted by Navellier & Associates Inc.

Navellier & Associates Inc. grew its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 46.0% in the 3rd quarter, Holdings Channel reports. The firm owned 44,302 shares of the apparel retailer’s stock after acquiring an additional 13,955 shares during the quarter. Abercrombie & Fitch comprises approximately 0.8% of Navellier & Associates Inc.’s holdings, making the stock its 24th biggest position. Navellier & Associates Inc.’s holdings in Abercrombie & Fitch were worth $6,198,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Abercrombie & Fitch by 5.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,768 shares of the apparel retailer’s stock worth $2,626,000 after buying an additional 1,002 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Abercrombie & Fitch by 17.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,709 shares of the apparel retailer’s stock worth $1,218,000 after buying an additional 1,270 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Abercrombie & Fitch in the 3rd quarter worth approximately $263,000. Meeder Asset Management Inc. grew its holdings in Abercrombie & Fitch by 462.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,155 shares of the apparel retailer’s stock worth $861,000 after buying an additional 5,060 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in Abercrombie & Fitch by 960.9% in the 3rd quarter. Quest Partners LLC now owns 2,493 shares of the apparel retailer’s stock worth $349,000 after buying an additional 2,258 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ANF shares. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. UBS Group upped their target price on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Finally, Morgan Stanley reduced their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. Insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Up 1.0 %

ANF stock opened at $138.20 on Thursday. The business has a fifty day moving average of $142.44 and a 200-day moving average of $152.88. The company has a market cap of $7.06 billion, a P/E ratio of 14.49 and a beta of 1.50. Abercrombie & Fitch Co. has a twelve month low of $71.14 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current fiscal year.

Abercrombie & Fitch Profile

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.