Harbor Capital Advisors Inc. Has $6.09 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Harbor Capital Advisors Inc. raised its position in Abercrombie & Fitch Co. (NYSE:ANF) by 58.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,721 shares of the apparel retailer’s stock after buying an additional 14,968 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Abercrombie & Fitch were worth $6,087,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Private Trust Co. NA grew its position in shares of Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Quarry LP increased its holdings in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the period. GAMMA Investing LLC raised its position in shares of Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after buying an additional 222 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on ANF shares. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the company from $173.00 to $220.00 in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Finally, Morgan Stanley upped their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.38.

Abercrombie & Fitch Stock Up 6.5 %

NYSE ANF opened at $161.54 on Friday. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 15.98 and a beta of 1.52. Abercrombie & Fitch Co. has a twelve month low of $95.47 and a twelve month high of $196.99. The business’s fifty day moving average is $147.39 and its 200 day moving average is $150.37.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 earnings per share. On average, research analysts anticipate that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now directly owns 6,405 shares of the company’s stock, valued at $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the sale, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Company 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.