Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC increased its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 100.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 48,400 shares of the apparel retailer’s stock after purchasing an additional 24,200 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Abercrombie & Fitch were worth $7,234,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $73,048,000. Driehaus Capital Management LLC raised its position in Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after buying an additional 224,555 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Abercrombie & Fitch by 293.7% in the second quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer’s stock valued at $51,043,000 after acquiring an additional 213,684 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after acquiring an additional 204,901 shares during the period. Finally, Bridgewater Associates LP lifted its position in Abercrombie & Fitch by 561.7% in the third quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer’s stock valued at $17,564,000 after purchasing an additional 106,577 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Insider Activity

In related news, COO Scott D. Lipesky sold 8,605 shares of the company’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 directly owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now directly owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock worth $2,631,741 over the last ninety days. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $124.05 on Friday. Abercrombie & Fitch Co. has a 12 month low of $100.84 and a 12 month high of $196.99. The stock’s 50-day moving average is $146.03 and its 200-day moving average is $147.31. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 12.24 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data 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 the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.83 earnings per share. Research analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS 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.