Retirement Systems of Alabama Has $13.45 Million Holdings in Abercrombie & Fitch Company $ANF

Retirement Systems of Alabama boosted its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,175 shares of the apparel retailer’s stock after purchasing an additional 12,942 shares during the period. Retirement Systems of Alabama’s holdings in Abercrombie & Fitch were worth $13,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANF. SG Americas Securities LLC raised its holdings in shares of Abercrombie & Fitch by 486.9% in the second quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock valued at $1,071,000 after buying an additional 10,721 shares during the last quarter. Fifth Third Bancorp increased its position in Abercrombie & Fitch by 1,205.3% in the 2nd quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock valued at $426,000 after acquiring an additional 4,749 shares in the last quarter. Timelo Investment Management Inc. acquired a new stake in Abercrombie & Fitch in the 2nd quarter valued at about $1,077,000. QRG Capital Management Inc. bought a new position in shares of Abercrombie & Fitch in the second quarter worth about $782,000. Finally, Valeo Financial Advisors LLC lifted its position in shares of Abercrombie & Fitch by 10,469.4% during the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after purchasing an additional 983,705 shares in the last quarter.

Insider Transactions at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 103,200 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the completion of the transaction, the chief executive officer owned 605,303 shares in the company, valued at approximately $59,640,504.59. The trade was a 14.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ANF shares. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 20th. Jefferies Financial Group restated a “buy” rating and set a $145.00 target price on shares of Abercrombie & Fitch in a research report on Monday, January 5th. Finally, Barclays raised their price target on Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.60.

Abercrombie & Fitch Stock Up 0.6%

Shares of Abercrombie & Fitch stock opened at $97.68 on Wednesday. The business has a fifty day simple moving average of $107.35 and a 200 day simple moving average of $93.44. The stock has a market cap of $4.48 billion, a PE ratio of 9.37 and a beta of 1.17. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results 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. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.50 earnings per share. Analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal 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.