Abercrombie & Fitch Company $ANF Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 40.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 390,437 shares of the apparel retailer’s stock after selling 269,775 shares during the period. Fisher Asset Management LLC owned about 0.82% of Abercrombie & Fitch worth $32,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ANF. Ameritas Advisory Services LLC purchased a new position in Abercrombie & Fitch in the 2nd quarter worth about $38,000. Bayforest Capital Ltd boosted its holdings in shares of Abercrombie & Fitch by 102.9% in the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 430 shares during the period. Parallel Advisors LLC increased its position in shares of Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 527 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Abercrombie & Fitch by 100.9% during the second quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock valued at $72,000 after acquiring an additional 434 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Abercrombie & Fitch by 521.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 839 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $100.39 on Wednesday. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $164.80. The business’s 50-day moving average price is $76.65 and its two-hundred day moving average price is $84.40. The company has a market capitalization of $4.73 billion, a P/E ratio of 9.63 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. On average, equities analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Wall Street Analyst Weigh In

ANF has been the topic of several research analyst reports. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research report on Thursday, August 28th. BTIG Research decreased their target price on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Barclays upped their price target on Abercrombie & Fitch from $84.00 to $94.00 and gave the company an “equal weight” rating in a research report on Friday, November 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 25th. Finally, Citigroup lifted their target price on Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.33.

Insider Buying and Selling

In other news, Director Kenneth B. Robinson sold 1,392 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the transaction, the director owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.29% of the stock is owned by corporate insiders.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.