Mitsubishi UFJ Trust & Banking Corp Sells 21,897 Shares of Abercrombie & Fitch Company $ANF

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 53.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,766 shares of the apparel retailer’s stock after selling 21,897 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Abercrombie & Fitch were worth $1,605,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ANF. Franklin Resources Inc. lifted its position in shares of Abercrombie & Fitch by 0.4% in the second quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer’s stock worth $3,958,000 after buying an additional 167 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Abercrombie & Fitch by 1.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock valued at $793,000 after acquiring an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Abercrombie & Fitch by 2.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock worth $590,000 after purchasing an additional 194 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Abercrombie & Fitch by 1.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,240 shares of the apparel retailer’s stock worth $1,014,000 after purchasing an additional 199 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Zacks Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Barclays boosted their price objective on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the transaction, the chief executive officer directly owned 605,303 shares of the company’s stock, valued at $59,640,504.59. This trade represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.29% of the stock is currently owned by company insiders.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $97.59 on Friday. The company has a 50-day simple moving average of $108.96 and a 200-day simple moving average of $93.50. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $133.11. The firm has a market capitalization of $4.48 billion, a P/E ratio of 9.36 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.22. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 earnings per share. As a group, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.