Wellington Management Group LLP Buys 204,901 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Wellington Management Group LLP lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 25.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,017,720 shares of the apparel retailer’s stock after acquiring an additional 204,901 shares during the period. Wellington Management Group LLP owned approximately 1.99% of Abercrombie & Fitch worth $142,379,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its holdings in Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after purchasing an additional 65 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after buying an additional 74 shares in the last quarter. Atria Investments Inc raised its position in Abercrombie & Fitch by 5.4% in the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after buying an additional 80 shares during the last quarter. Sage Rhino Capital LLC raised its position in Abercrombie & Fitch by 5.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after buying an additional 89 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after acquiring an additional 115 shares in the last quarter.

Insider Activity

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the firm’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 transaction of $459,200.00. Following the sale, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 over the last ninety days. 2.58% of the stock is currently owned by company insiders.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $140.03 on Tuesday. The stock has a 50-day simple moving average of $145.43 and a 200 day simple moving average of $154.31. The stock has a market capitalization of $7.15 billion, a P/E ratio of 13.85 and a beta of 1.52. Abercrombie & Fitch Co. has a 52 week low of $79.20 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $1.83 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Research analysts forecast that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ANF shares. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Finally, Morgan Stanley increased their price target on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.38.

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.