Fmr LLC Has $822.57 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Fmr LLC lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 3.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,879,671 shares of the apparel retailer’s stock after selling 207,929 shares during the period. Fmr LLC owned approximately 0.12% of Abercrombie & Fitch worth $822,566,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP grew its holdings in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after buying an additional 60,022 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Abercrombie & Fitch by 146.3% in the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after acquiring an additional 512,700 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Abercrombie & Fitch by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock valued at $79,719,000 after acquiring an additional 16,754 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Abercrombie & Fitch during the 3rd quarter worth $73,048,000.

Insider Activity at Abercrombie & Fitch

In other news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were 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 approximately $15,627,594. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 in the last quarter. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Up 1.3 %

Shares of NYSE ANF opened at $148.59 on Thursday. The company has a market capitalization of $7.59 billion, a PE ratio of 15.74 and a beta of 1.50. The firm has a fifty day simple moving average of $143.37 and a 200 day simple moving average of $153.58. Abercrombie & Fitch Co. has a twelve month low of $74.68 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.31 by $0.19. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. As a group, equities analysts expect that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on ANF shares. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Jefferies Financial Group upped their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. UBS Group lifted their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley increased their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.14.

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.