Highland Capital Management LLC Purchases 169 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Highland Capital Management LLC grew its position in Abercrombie & Fitch Co. (NYSE:ANF) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,694 shares of the apparel retailer’s stock after purchasing an additional 169 shares during the quarter. Highland Capital Management LLC’s holdings in Abercrombie & Fitch were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANF. Geode Capital Management LLC boosted its holdings in Abercrombie & Fitch by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after buying an additional 63,157 shares during the period. Wellington Management Group LLP boosted its stake in shares of Abercrombie & Fitch by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after acquiring an additional 204,901 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after purchasing an additional 60,022 shares in the last quarter. Fisher Asset Management LLC raised its stake in Abercrombie & Fitch by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock valued at $79,719,000 after purchasing an additional 16,754 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in Abercrombie & Fitch in the 3rd quarter worth approximately $73,048,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ANF. Morgan Stanley reduced their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Raymond James decreased their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.25.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s 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 sale, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is currently owned by insiders.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $119.48 on Friday. The stock has a market capitalization of $6.02 billion, a P/E ratio of 11.82 and a beta of 1.52. Abercrombie & Fitch Co. has a 1-year low of $101.14 and a 1-year high of $196.99. The business’s 50 day moving average is $143.39 and its two-hundred day moving average is $145.11.

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, beating the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal 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.