AE Wealth Management LLC Takes $4.23 Million Position in Abercrombie & Fitch Company $ANF

AE Wealth Management LLC purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,407 shares of the apparel retailer’s stock, valued at approximately $4,227,000. AE Wealth Management LLC owned approximately 0.10% of Abercrombie & Fitch as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new position in Abercrombie & Fitch during the 3rd quarter worth approximately $205,000. SummerHaven Investment Management LLC purchased a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $822,000. EFG Asset Management North America Corp. grew its holdings in Abercrombie & Fitch by 18.5% during the third quarter. EFG Asset Management North America Corp. now owns 51,370 shares of the apparel retailer’s stock worth $4,393,000 after acquiring an additional 8,021 shares during the period. Retirement Systems of Alabama raised its position in Abercrombie & Fitch by 9.0% in the third quarter. Retirement Systems of Alabama now owns 157,175 shares of the apparel retailer’s stock worth $13,446,000 after acquiring an additional 12,942 shares in the last quarter. Finally, Stoneridge Investment Partners LLC raised its position in Abercrombie & Fitch by 7.8% in the third quarter. Stoneridge Investment Partners LLC now owns 3,628 shares of the apparel retailer’s stock worth $310,000 after acquiring an additional 263 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ANF shares. UBS Group boosted their target price on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley upped 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. reduced their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.60.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $97.59 on Friday. The business’s fifty day moving average price is $108.96 and its two-hundred day moving average price is $93.53. The stock has a market cap of $4.48 billion, a PE ratio of 9.36 and a beta of 1.17. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data 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 business had revenue of $1.29 billion for 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 revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.50 earnings per share. As a group, equities research analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $95.40, for a total transaction of $9,540,000.00. Following the completion of the sale, the chief executive officer directly owned 505,303 shares in the company, valued at $48,205,906.20. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.29% of the stock is owned by corporate insiders.

Abercrombie & Fitch 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.