Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. decreased its position in Abercrombie & Fitch Co. (NYSE:ANF) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,976 shares of the apparel retailer’s stock after selling 163 shares during the period. Abercrombie & Fitch comprises 2.1% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 11th biggest position. Hanseatic Management Services Inc.’s holdings in Abercrombie & Fitch were worth $1,641,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ANF. Farther Finance Advisors LLC lifted its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Quarry LP grew its holdings in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares during the period. Finally, GAMMA Investing LLC increased its stake in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after acquiring an additional 222 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ANF. JPMorgan Chase & Co. lifted their price target 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 decreased their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. Finally, UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the 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 sale, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $130.34 on Friday. Abercrombie & Fitch Co. has a 1 year low of $95.51 and a 1 year high of $196.99. The stock has a market capitalization of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52. The company’s fifty day moving average is $147.19 and its two-hundred day moving average is $148.50.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly 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. The business had revenue of $1.21 billion during 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 company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. Sell-side analysts predict that Abercrombie & Fitch Co. will post 10.63 EPS for the current year.

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.