Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,844 shares of the apparel retailer’s stock after buying an additional 9,313 shares during the period. Verition Fund Management LLC owned approximately 0.18% of Abercrombie & Fitch worth $13,129,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in Abercrombie & Fitch by 41.7% during the 3rd quarter. Captrust Financial Advisors now owns 2,478 shares of the apparel retailer’s stock worth $347,000 after acquiring an additional 729 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of Abercrombie & Fitch in the third quarter worth about $1,744,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Abercrombie & Fitch by 42.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,466 shares of the apparel retailer’s stock worth $2,164,000 after purchasing an additional 4,577 shares during the period. MetLife Investment Management LLC boosted its position in Abercrombie & Fitch by 86.3% in the third quarter. MetLife Investment Management LLC now owns 54,020 shares of the apparel retailer’s stock valued at $7,557,000 after buying an additional 25,020 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Abercrombie & Fitch by 1,596.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 22,753 shares of the apparel retailer’s stock worth $3,183,000 after buying an additional 21,412 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have commented on ANF. Jefferies Financial Group lifted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.14.

Abercrombie & Fitch Stock Up 0.7 %

NYSE:ANF opened at $149.56 on Friday. The stock has a market capitalization of $7.64 billion, a PE ratio of 14.79 and a beta of 1.50. Abercrombie & Fitch Co. has a 52 week low of $75.18 and a 52 week high of $196.99. The stock’s 50-day moving average price is $143.82 and its 200-day moving average price is $153.51.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the business earned $1.83 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts expect that Abercrombie & Fitch Co. will post 10.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This 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 this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. 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.