Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Lmcg Investments LLC

Lmcg Investments LLC boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,669 shares of the apparel retailer’s stock after buying an additional 2,479 shares during the quarter. Lmcg Investments LLC’s holdings in Abercrombie & Fitch were worth $3,687,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ANF. UMB Bank n.a. grew its position in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC raised its position in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Quarry LP lifted its holdings in Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares during the period. Private Trust Co. NA lifted its stake in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Finally, Raymond James dropped their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Stock Performance

ANF opened at $130.34 on Tuesday. The business’s 50-day simple moving average is $146.99 and its 200-day simple moving average is $147.93. The company has a market cap of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52. Abercrombie & Fitch Co. has a one year low of $95.51 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. As a group, analysts predict that Abercrombie & Fitch Co. will post 10.63 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch 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 sale, the executive vice president now owns 22,059 shares of the company’s stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 in the last three months. Insiders own 2.58% of the company’s stock.

About Abercrombie & Fitch

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.