New York State Teachers Retirement System Sells 604 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

New York State Teachers Retirement System cut its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,538 shares of the apparel retailer’s stock after selling 604 shares during the quarter. New York State Teachers Retirement System’s holdings in Abercrombie & Fitch were worth $7,017,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new stake in Abercrombie & Fitch in the first quarter worth about $29,000. Advisory Services Network LLC boosted its position in shares of Abercrombie & Fitch by 985.0% in the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $31,000. McGlone Suttner Wealth Management Inc. bought a new position in Abercrombie & Fitch during the 4th quarter valued at approximately $33,000. Finally, Castleview Partners LLC purchased a new position in Abercrombie & Fitch during the third quarter valued at $44,000.

Insiders Place Their Bets

In other news, EVP Jay Rust sold 786 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $125.41, for a total transaction of $98,572.26. Following the completion of the sale, the executive vice president now owns 1,014 shares of the company’s stock, valued at approximately $127,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kristin A. Scott sold 120,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $126.15, for a total value of $15,138,000.00. Following the transaction, the insider now directly owns 38,208 shares of the company’s stock, valued at approximately $4,819,939.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jay Rust sold 786 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the sale, the executive vice president now directly owns 1,014 shares of the company’s stock, valued at approximately $127,165.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,786 shares of company stock valued at $20,096,812. Insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Trading Down 4.0 %

Shares of ANF stock opened at $111.79 on Friday. The stock has a market capitalization of $5.70 billion, a P/E ratio of 17.97 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. The firm’s 50 day moving average is $122.65 and its 200 day moving average is $93.55. Abercrombie & Fitch Co. has a 12-month low of $21.74 and a 12-month high of $140.28.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ANF. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup lifted 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. Jefferies Financial Group increased their price target on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Morgan Stanley boosted their price objective 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. Finally, Argus increased their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.