Zacks Investment Management Takes Position in Abercrombie & Fitch Co. (NYSE:ANF)

Zacks Investment Management purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 21,640 shares of the apparel retailer’s stock, valued at approximately $3,027,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Private Trust Co. NA grew its stake in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after buying an additional 272 shares during the last quarter. Quarry LP increased its position in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the period. CWM LLC lifted its stake in Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after buying an additional 222 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANF shares. Jefferies Financial Group lifted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, August 30th. Raymond James assumed coverage on Abercrombie & Fitch in a research note on Friday. They set an “outperform” rating and a $180.00 price objective for the company. Finally, UBS Group lifted their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.38.

Abercrombie & Fitch Trading Up 0.9 %

Shares of ANF opened at $151.35 on Monday. The stock’s 50 day moving average is $145.42 and its two-hundred day moving average is $154.35. Abercrombie & Fitch Co. has a twelve month low of $76.82 and a twelve month high of $196.99. The firm has a market capitalization of $7.73 billion, a PE ratio of 14.97 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. On average, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.52 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

Abercrombie & Fitch Company 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.