Allianz Asset Management GmbH Sells 102,633 Shares of Abercrombie & Fitch Company $ANF

Allianz Asset Management GmbH decreased its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 51.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 97,253 shares of the apparel retailer’s stock after selling 102,633 shares during the quarter. Allianz Asset Management GmbH owned 0.21% of Abercrombie & Fitch worth $8,320,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ANF. AQR Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock valued at $163,889,000 after buying an additional 22,215 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Abercrombie & Fitch by 10,469.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after acquiring an additional 983,705 shares during the last quarter. American Century Companies Inc. raised its position in Abercrombie & Fitch by 3.3% in the 2nd quarter. American Century Companies Inc. now owns 833,702 shares of the apparel retailer’s stock valued at $69,072,000 after purchasing an additional 26,722 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in Abercrombie & Fitch in the second quarter worth $61,643,000. Finally, Norges Bank bought a new stake in shares of Abercrombie & Fitch during the second quarter worth $61,584,000.

Insider Transactions at Abercrombie & Fitch

In other news, CEO Fran Horowitz sold 29,769 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $100.00, for a total value of $2,976,900.00. Following the completion of the sale, the chief executive officer directly owned 308,503 shares of the company’s stock, valued at $30,850,300. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 350,000 shares of company stock valued at $34,661,358 in the last 90 days. 2.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ANF. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Abercrombie & Fitch in a report on Monday, January 5th. JPMorgan Chase & Co. dropped 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 note on Tuesday, January 20th. The Goldman Sachs Group initiated coverage on Abercrombie & Fitch in a research report on Thursday, December 11th. They issued a “buy” rating and a $120.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus price target of $124.60.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $92.91 on Tuesday. The business has a 50-day moving average of $109.96 and a 200-day moving average of $93.76. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 8.91 and a beta of 1.19. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $133.11.

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

About Abercrombie & Fitch

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.