Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Private Client Services LLC

Private Client Services LLC lowered its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 44.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,878 shares of the apparel retailer’s stock after selling 1,503 shares during the quarter. Private Client Services LLC’s holdings in Abercrombie & Fitch were worth $281,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ANF. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 123 shares during the period. Private Trust Co. NA raised its position in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after buying an additional 272 shares during the last quarter. Quarry LP lifted its stake in Abercrombie & Fitch by 156.0% during the 2nd 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. GAMMA Investing LLC boosted its holdings in shares of Abercrombie & Fitch by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after acquiring an additional 222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 worth $112,000 after acquiring an additional 624 shares during the period.

Insider Buying and Selling at Abercrombie & Fitch

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

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded up $0.62 during trading on Wednesday, reaching $152.75. The company had a trading volume of 595,763 shares, compared to its average volume of 1,356,136. The firm’s 50-day simple moving average is $146.69 and its 200 day simple moving average is $150.35. The firm has a market capitalization of $7.69 billion, a PE ratio of 15.11 and a beta of 1.52. Abercrombie & Fitch Co. has a 1-year low of $93.91 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released 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 during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 earnings per share. Analysts anticipate that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ANF shares. StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. UBS Group upped their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Finally, Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.50.

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.