Harbor Capital Advisors Inc. Buys 14,968 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Harbor Capital Advisors Inc. increased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 58.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,721 shares of the apparel retailer’s stock after acquiring an additional 14,968 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.08% of Abercrombie & Fitch worth $6,087,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co raised its position in shares of Abercrombie & Fitch by 15.9% during the fourth quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer’s stock worth $1,223,000 after purchasing an additional 1,122 shares during the period. Nordea Investment Management AB raised its holdings in Abercrombie & Fitch by 17.5% during the 4th quarter. Nordea Investment Management AB now owns 26,756 shares of the apparel retailer’s stock worth $4,024,000 after buying an additional 3,978 shares during the period. Everence Capital Management Inc. acquired a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $212,000. GAMMA Investing LLC lifted its stake in Abercrombie & Fitch by 34.0% in the fourth quarter. GAMMA Investing LLC now owns 1,056 shares of the apparel retailer’s stock valued at $158,000 after buying an additional 268 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $211,000.

Wall Street Analyst Weigh In

Several research firms recently commented on ANF. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $173.00 to $220.00 in a research report on Friday. Raymond James initiated coverage on Abercrombie & Fitch in a report on Friday, December 6th. They issued an “outperform” rating and a $180.00 price target on the stock. Morgan Stanley lifted their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. 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, November 26th. Finally, StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.38.

Abercrombie & Fitch Stock Up 6.5 %

Shares of Abercrombie & Fitch stock opened at $161.54 on Friday. Abercrombie & Fitch Co. has a 12-month low of $95.47 and a 12-month high of $196.99. The business’s 50 day moving average is $147.39 and its 200-day moving average is $150.37. The stock has a market cap of $8.14 billion, a P/E ratio of 15.98 and a beta of 1.52.

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

Insider Activity at Abercrombie & Fitch

In other news, 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 value of $1,292,471.00. Following the completion of the sale, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 17,401 shares of company stock worth $2,631,741. Insiders own 2.58% of the company’s stock.

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.