Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Lmcg Investments LLC

Lmcg Investments LLC increased its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,669 shares of the apparel retailer’s stock after purchasing an additional 2,479 shares during the period. Lmcg Investments LLC’s holdings in Abercrombie & Fitch were worth $3,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of Abercrombie & Fitch by 1,365.4% during the second quarter. Hsbc Holdings PLC now owns 34,232 shares of the apparel retailer’s stock worth $5,975,000 after buying an additional 31,896 shares in the last quarter. Edge Capital Group LLC purchased a new position in Abercrombie & Fitch during the second quarter worth about $227,000. Public Sector Pension Investment Board grew its holdings in Abercrombie & Fitch by 8.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock valued at $19,986,000 after buying an additional 9,061 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 8.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,627 shares of the apparel retailer’s stock valued at $1,001,000 after acquiring an additional 438 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Abercrombie & Fitch by 293.7% during the 2nd quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer’s stock worth $51,043,000 after acquiring an additional 213,684 shares during the period.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by company insiders.

Analyst Ratings Changes

ANF has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Raymond James lowered their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Stock Up 1.7 %

Shares of NYSE:ANF opened at $130.34 on Tuesday. The company has a market cap of $6.57 billion, a PE ratio of 12.89 and a beta of 1.52. Abercrombie & Fitch Co. has a fifty-two week low of $95.51 and a fifty-two week high of $196.99. The firm has a 50-day simple moving average of $146.99 and a 200 day simple moving average of $147.93.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 earnings per share. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 10.63 EPS for the current fiscal year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.