Retirement Systems of Alabama Takes Position in Abercrombie & Fitch Co. (NYSE:ANF)

Retirement Systems of Alabama bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,079 shares of the apparel retailer’s stock, valued at approximately $8,685,000.

A number of other large investors have also bought and sold shares of ANF. Franklin Resources Inc. boosted its position in shares of Abercrombie & Fitch by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 48,338 shares of the apparel retailer’s stock worth $6,762,000 after purchasing an additional 976 shares in the last quarter. Tidal Investments LLC raised its stake in Abercrombie & Fitch by 47.9% during the 3rd quarter. Tidal Investments LLC now owns 8,757 shares of the apparel retailer’s stock worth $1,225,000 after buying an additional 2,835 shares during the period. Optimist Retirement Group LLC boosted its holdings in Abercrombie & Fitch by 22.8% in the third quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer’s stock worth $239,000 after acquiring an additional 317 shares in the last quarter. Invst LLC grew its stake in Abercrombie & Fitch by 22.6% in the third quarter. Invst LLC now owns 3,472 shares of the apparel retailer’s stock valued at $486,000 after acquiring an additional 639 shares during the period. Finally, Virtue Capital Management LLC increased its holdings in shares of Abercrombie & Fitch by 1.9% during the third quarter. Virtue Capital Management LLC now owns 8,119 shares of the apparel retailer’s stock valued at $1,136,000 after acquiring an additional 154 shares in the last quarter.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock valued at $2,631,741 in the last ninety days. 2.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. UBS Group raised their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted 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. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. Finally, Jefferies Financial Group boosted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.38.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $152.74 on Wednesday. Abercrombie & Fitch Co. has a 52 week low of $83.50 and a 52 week high of $196.99. The firm has a 50-day moving average price of $145.91 and a two-hundred day moving average price of $153.33. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 15.11 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current year.

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.