Abercrombie & Fitch Co. (NYSE:ANF) Stock Position Increased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 569,828 shares of the apparel retailer’s stock after buying an additional 16,754 shares during the quarter. Fisher Asset Management LLC owned 1.12% of Abercrombie & Fitch worth $79,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ANF. Daiwa Securities Group Inc. lifted its holdings in Abercrombie & Fitch by 328.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,000 shares of the apparel retailer’s stock valued at $420,000 after acquiring an additional 2,300 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Abercrombie & Fitch during the third quarter valued at approximately $73,048,000. Alpha DNA Investment Management LLC boosted its holdings in Abercrombie & Fitch by 56.8% during the third quarter. Alpha DNA Investment Management LLC now owns 3,604 shares of the apparel retailer’s stock worth $504,000 after buying an additional 1,306 shares in the last quarter. Algert Global LLC grew its position in Abercrombie & Fitch by 11.1% in the third quarter. Algert Global LLC now owns 40,438 shares of the apparel retailer’s stock worth $5,657,000 after buying an additional 4,029 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Abercrombie & Fitch by 91.4% in the third quarter. Cerity Partners LLC now owns 4,068 shares of the apparel retailer’s stock valued at $569,000 after buying an additional 1,943 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $154.86 on Tuesday. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 16.40 and a beta of 1.50. The business’s 50-day moving average is $143.13 and its 200-day moving average is $153.46. Abercrombie & Fitch Co. has a fifty-two week low of $72.98 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. Equities research analysts expect that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock worth $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group raised their price objective on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Jefferies Financial Group increased their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Morgan Stanley cut their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.43.

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.