Private Advisor Group LLC Takes Position in Abercrombie & Fitch Co. (NYSE:ANF)

Private Advisor Group LLC purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,626 shares of the apparel retailer’s stock, valued at approximately $2,784,000.

Several other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 107 shares during the last quarter. Farther Finance Advisors LLC increased 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 worth $38,000 after buying an additional 123 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares during the last quarter. Finally, Covestor Ltd increased its position in Abercrombie & Fitch by 16.9% during the 3rd quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock worth $139,000 after purchasing an additional 144 shares in the last quarter.

Insider Buying and Selling

In other news, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the transaction, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Trading Up 2.1 %

NYSE:ANF opened at $102.17 on Tuesday. The firm’s fifty day simple moving average is $131.24 and its 200 day simple moving average is $140.64. Abercrombie & Fitch Co. has a twelve month low of $99.12 and a twelve month high of $196.99. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 10.11 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data 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 company 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 firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. On average, analysts predict that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANF. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Morgan Stanley cut their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James decreased their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Finally, UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.