Eagle Asset Management Inc. Lowers Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Eagle Asset Management Inc. lessened its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 13.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 117,690 shares of the apparel retailer’s stock after selling 17,949 shares during the quarter. Eagle Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $16,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Matrix Trust Co purchased a new stake in Abercrombie & Fitch during the second quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its stake in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Quarry LP lifted its stake in 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 last quarter. CWM LLC lifted its stake in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased 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 during the period.

Abercrombie & Fitch Trading Up 7.4 %

NYSE:ANF opened at $152.00 on Friday. The firm has a market cap of $7.76 billion, a P/E ratio of 16.10 and a beta of 1.50. The stock’s 50 day simple moving average is $142.72 and its 200-day simple moving average is $152.96. Abercrombie & Fitch Co. has a 12-month low of $72.13 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Research analysts forecast that Abercrombie & Fitch Co. will post 10.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ANF shares. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. UBS Group lifted their price target on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Morgan Stanley cut their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $177.43.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The trade was a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock valued at $4,310,256 over the last quarter. Company 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.