Strs Ohio Has $1.39 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Strs Ohio boosted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 7.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,700 shares of the apparel retailer’s stock after purchasing an additional 1,100 shares during the quarter. Strs Ohio’s holdings in Abercrombie & Fitch were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ANF. Quarry LP bought a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at about $29,000. Advisory Services Network LLC grew 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 valued at $30,000 after buying an additional 985 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $33,000. Castleview Partners LLC bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at about $44,000. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after buying an additional 220 shares during the last quarter.

Abercrombie & Fitch Stock Up 1.0 %

Shares of NYSE:ANF opened at $110.36 on Monday. The business’s 50 day simple moving average is $123.25 and its two-hundred day simple moving average is $96.08. The firm has a market cap of $5.63 billion, a P/E ratio of 17.74 and a beta of 1.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. Abercrombie & Fitch Co. has a 52-week low of $21.74 and a 52-week high of $140.28.

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

Wall Street Analyst Weigh In

ANF has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Morgan Stanley upped their target price on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Argus upped their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. UBS Group upped their target price on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Jefferies Financial Group upped their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average target price of $122.71.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the transaction, the executive vice president now owns 1,014 shares in the company, valued at $127,165.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Jay Rust sold 786 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the sale, the executive vice president now directly owns 1,014 shares of the company’s stock, valued at $127,165.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kristin A. Scott sold 120,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $126.15, for a total value of $15,138,000.00. Following the sale, the insider now directly owns 38,208 shares of the company’s stock, valued at $4,819,939.20. 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. Corporate insiders own 3.77% of the company’s stock.

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.