10,380 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,380 shares of the apparel retailer’s stock, valued at approximately $1,551,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANF. Private Advisor Group LLC bought a new position in Abercrombie & Fitch in the fourth quarter valued at about $2,784,000. Kestra Investment Management LLC acquired a new position in Abercrombie & Fitch during the 4th quarter worth approximately $235,000. Principal Financial Group Inc. lifted its stake in Abercrombie & Fitch by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 149,559 shares of the apparel retailer’s stock valued at $22,355,000 after purchasing an additional 2,963 shares during the last quarter. WD Rutherford LLC grew its stake in shares of Abercrombie & Fitch by 8.2% during the fourth quarter. WD Rutherford LLC now owns 4,244 shares of the apparel retailer’s stock worth $634,000 after buying an additional 321 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock worth $23,699,000 after buying an additional 4,837 shares in the last quarter.

Analyst Ratings Changes

ANF has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday. Raymond James decreased their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley dropped their price target 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. Finally, UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Stock Up 2.1 %

Shares of NYSE ANF opened at $102.17 on Tuesday. The company has a market capitalization of $5.15 billion, a PE ratio of 10.11 and a beta of 1.49. The firm has a fifty day simple moving average of $131.24 and a 200 day simple moving average of $140.64. Abercrombie & Fitch Co. has a twelve month low of $99.12 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $1.83 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the sale, the chief operating officer now 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by corporate insiders.

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.