Citigroup Inc. Sells 122,768 Shares of Abercrombie & Fitch Company $ANF

Citigroup Inc. cut its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 36.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 216,987 shares of the apparel retailer’s stock after selling 122,768 shares during the period. Citigroup Inc. owned approximately 0.46% of Abercrombie & Fitch worth $18,563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ANF. NewEdge Advisors LLC grew its position in shares of Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. grew its position in Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after buying an additional 250 shares in the last quarter. Bessemer Group Inc. increased its stake in Abercrombie & Fitch by 268.0% during the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock worth $56,000 after acquiring an additional 485 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after acquiring an additional 569 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO Fran Horowitz sold 103,200 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total value of $10,168,296.00. Following the transaction, the chief executive officer owned 605,303 shares in the company, valued at $59,640,504.59. The trade was a 14.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 350,000 shares of company stock worth $34,661,358 over the last ninety days. 2.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ANF. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. UBS Group reduced their price objective on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $128.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $135.00 in a research report on Wednesday, January 21st. Finally, Barclays boosted their price objective on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.90.

Abercrombie & Fitch Trading Up 3.4%

NYSE ANF opened at $99.21 on Friday. The business’s 50-day moving average price is $106.81 and its two-hundred day moving average price is $93.47. The firm has a market capitalization of $4.55 billion, a PE ratio of 9.51 and a beta of 1.19. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $133.11.

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