Arizona State Retirement System Sells 177 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Arizona State Retirement System reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,078 shares of the apparel retailer’s stock after selling 177 shares during the period. Arizona State Retirement System’s holdings in Abercrombie & Fitch were worth $1,242,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth approximately $32,897,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth approximately $33,000. Highland Capital Management LLC purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth approximately $211,000. Pacer Advisors Inc. lifted its position 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 acquiring an additional 681,375 shares during the last quarter. Finally, Wealthstar Advisors LLC lifted its position in Abercrombie & Fitch by 51.1% during the fourth quarter. Wealthstar Advisors LLC now owns 13,668 shares of the apparel retailer’s stock valued at $1,206,000 after acquiring an additional 4,622 shares during the last quarter.

Insider Activity at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 35,000 shares of the firm’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 sale, 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 SEC, which can be accessed through this link. In related news, CFO Scott D. Lipesky sold 35,000 shares of the firm’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 sale, 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 SEC, which can be accessed through this link. Also, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total transaction of $98,572.26. Following the sale, the executive vice president now owns 1,014 shares in the company, valued at approximately $127,165.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,786 shares of company stock worth $20,096,812. 3.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ANF shares. Jefferies Financial Group increased their target price on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. UBS Group increased their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. Finally, Citigroup raised their price target 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.71.

Abercrombie & Fitch Stock Down 4.0 %

NYSE:ANF opened at $111.83 on Monday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 17.98 and a beta of 1.58. Abercrombie & Fitch Co. has a 1-year low of $21.74 and a 1-year high of $140.28. The company’s fifty day moving average price is $122.65 and its 200-day moving average price is $94.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share 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 analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 7.48 EPS for the current year.

Abercrombie & Fitch Company 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.