Vanguard Group Inc. Sells 97,670 Shares of Abercrombie & Fitch Company $ANF

Vanguard Group Inc. lessened its stake in Abercrombie & Fitch Company (NYSE:ANF) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,686,749 shares of the apparel retailer’s stock after selling 97,670 shares during the period. Vanguard Group Inc. owned 9.96% of Abercrombie & Fitch worth $400,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Abercrombie & Fitch by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock worth $2,254,000 after acquiring an additional 892 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Abercrombie & Fitch by 521.1% during the first 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. United Services Automobile Association purchased a new stake in shares of Abercrombie & Fitch in the first quarter valued at approximately $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Abercrombie & Fitch by 8.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock worth $9,729,000 after purchasing an additional 10,459 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Abercrombie & Fitch during the 2nd quarter worth $348,000.

Abercrombie & Fitch Stock Up 3.4%

Shares of Abercrombie & Fitch stock opened at $99.21 on Friday. The firm’s 50 day moving average price is $106.81 and its 200-day moving average price is $93.47. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $133.11. The company has a market cap of $4.55 billion, a P/E ratio of 9.51 and a beta of 1.19.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS 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 company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on ANF. The Goldman Sachs Group started coverage on Abercrombie & Fitch in a report on Thursday, December 11th. They issued a “buy” rating and a $120.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, January 5th. UBS Group cut their target price on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday. Barclays boosted their price target on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $120.90.

Insider Activity at Abercrombie & Fitch

In other news, CEO Fran Horowitz sold 29,769 shares of the firm’s stock in a transaction 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 owned 308,503 shares of the company’s stock, valued at $30,850,300. This trade represents a 8.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 350,000 shares of company stock worth $34,661,358. Corporate insiders own 2.29% of the company’s stock.

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.