Private Advisor Group LLC Purchases New Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Private Advisor Group LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 18,626 shares of the apparel retailer’s stock, valued at approximately $2,784,000.

Other hedge funds also recently added to or reduced their stakes in the company. Everence Capital Management Inc. acquired a new position in Abercrombie & Fitch in the fourth quarter worth about $212,000. Empirical Finance LLC grew its position in shares of Abercrombie & Fitch by 87.2% in the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock worth $1,318,000 after acquiring an additional 4,108 shares in the last quarter. Lmcg Investments LLC grew its position in shares of Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock worth $3,687,000 after acquiring an additional 2,479 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after acquiring an additional 19,222 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Abercrombie & Fitch by 3.1% during the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock valued at $23,699,000 after acquiring an additional 4,837 shares in the last quarter.

Analyst Ratings Changes

ANF has been the subject of several recent research reports. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Raymond James cut their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Trading Up 2.1 %

Shares of NYSE:ANF opened at $102.17 on Tuesday. The firm’s 50 day moving average is $131.24 and its two-hundred day moving average is $140.64. The firm has a market capitalization of $5.15 billion, a P/E ratio of 10.11 and a beta of 1.49. Abercrombie & Fitch Co. has a 52 week low of $99.12 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares in the company, valued at $1,024,800. This represents a 30.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were 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 in the company, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.