White Pine Capital LLC Reduces Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

White Pine Capital LLC decreased its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,979 shares of the apparel retailer’s stock after selling 9,744 shares during the quarter. White Pine Capital LLC’s holdings in Abercrombie & Fitch were worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC lifted its holdings in Abercrombie & Fitch by 12,439.3% during the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after purchasing an additional 5,271,516 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Abercrombie & Fitch by 101.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock valued at $119,288,000 after purchasing an additional 681,375 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Abercrombie & Fitch by 3,067.6% during the third quarter. Victory Capital Management Inc. now owns 444,547 shares of the apparel retailer’s stock valued at $25,059,000 after purchasing an additional 430,513 shares in the last quarter. American Century Companies Inc. lifted its holdings in Abercrombie & Fitch by 171.8% during the third quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock valued at $37,434,000 after purchasing an additional 419,781 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $32,897,000.

Abercrombie & Fitch Price Performance

ANF traded up $6.63 during trading hours on Friday, hitting $122.08. The company’s stock had a trading volume of 1,109,869 shares, compared to its average volume of 1,277,302. The business’s 50-day moving average price is $123.16 and its 200-day moving average price is $97.94. Abercrombie & Fitch Co. has a 12 month low of $21.74 and a 12 month high of $140.28. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 19.63 and a beta of 1.58. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 21.1% on a year-over-year basis. Sell-side analysts expect that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now owns 525,520 shares in the company, valued at $58,127,767.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the transaction, the chief financial officer now owns 88,558 shares in the company, valued at $11,330,996.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Fran Horowitz sold 400,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now owns 525,520 shares in the company, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 558,786 shares of company stock worth $64,340,812. Insiders own 3.77% of the company’s stock.

Analyst Ratings Changes

ANF has been the topic of several analyst reports. UBS Group lifted their price target on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Citigroup boosted their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Argus boosted their target price on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.71.

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.