JW Asset Management LLC Acquires Shares of 35,000 Abercrombie & Fitch Co. (NYSE:ANF)

JW Asset Management LLC acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 35,000 shares of the apparel retailer’s stock, valued at approximately $3,088,000. Abercrombie & Fitch comprises 1.8% of JW Asset Management LLC’s holdings, making the stock its 10th largest position.

Other institutional investors have also modified their holdings of the company. Raymond James & Associates purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at about $1,457,000. Allspring Global Investments Holdings LLC increased its stake in shares of Abercrombie & Fitch by 278.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,455 shares of the apparel retailer’s stock valued at $138,000 after purchasing an additional 1,807 shares in the last quarter. Main Street Financial Solutions LLC purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at about $255,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after purchasing an additional 220 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Abercrombie & Fitch by 1,500.9% in the 3rd quarter. Signaturefd LLC now owns 1,713 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 1,606 shares in the last quarter.

Insider Activity

In other news, CFO Scott D. Lipesky sold 35,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the sale, the chief financial officer now owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Abercrombie & Fitch news, Director Kerrii B. Anderson sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $127.33, for a total value of $381,990.00. Following the sale, the director now owns 45,878 shares of the company’s stock, valued at $5,841,645.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the completion of the sale, the chief financial officer now directly owns 88,558 shares in the company, valued at approximately $11,330,996.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 558,786 shares of company stock valued at $64,340,812. 3.77% of the stock is currently owned by company insiders.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded up $4.27 on Friday, hitting $150.15. 1,512,508 shares of the company were exchanged, compared to its average volume of 1,523,344. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 23.46 and a beta of 1.57. The company has a 50-day moving average price of $126.08 and a 200 day moving average price of $107.12. Abercrombie & Fitch Co. has a 1-year low of $28.43 and a 1-year high of $151.46. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, beating the consensus estimate of $2.83 by $0.14. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. As a group, sell-side analysts predict that Abercrombie & Fitch Co. will post 7.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Abercrombie & Fitch from $103.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $125.00 to $144.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Argus lifted their price objective on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 price objective on shares of Abercrombie & Fitch in a report on Thursday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.29.

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.