Capricorn Fund Managers Ltd Acquires Shares of 15,000 Abercrombie & Fitch Co. (NYSE:ANF)

Capricorn Fund Managers Ltd bought a new position in Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the apparel retailer’s stock, valued at approximately $2,320,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ANF. Lmcg Investments LLC grew its position in shares of Abercrombie & Fitch by 11.2% in the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock valued at $3,687,000 after purchasing an additional 2,479 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Abercrombie & Fitch by 40.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 11,187 shares of the apparel retailer’s stock worth $1,672,000 after buying an additional 3,194 shares in the last quarter. UMB Bank n.a. grew its stake in Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Abercrombie & Fitch by 3.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 374,061 shares of the apparel retailer’s stock worth $55,911,000 after purchasing an additional 11,582 shares in the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in Abercrombie & Fitch in the 4th quarter valued at $2,539,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on ANF. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. Raymond James dropped their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Morgan Stanley dropped their price target 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, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Stock Up 1.7 %

Shares of ANF opened at $130.34 on Tuesday. The stock has a market cap of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52. The business’s 50 day moving average price is $146.99 and its 200-day moving average price is $147.93. Abercrombie & Fitch Co. has a 52 week low of $95.51 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Abercrombie & Fitch’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $1.83 EPS. On average, equities analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insider Activity

In other news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the transaction, the director now owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction on Friday, November 29th. The stock was 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 of the company’s stock, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 in the last 90 days. 2.58% of the stock is currently owned by insiders.

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.