Abercrombie & Fitch Co. (NYSE:ANF) Stock Position Lowered by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. lowered its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,673 shares of the apparel retailer’s stock after selling 171 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Abercrombie & Fitch were worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ANF. Everence Capital Management Inc. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $212,000. Empirical Finance LLC lifted its holdings in shares of Abercrombie & Fitch by 87.2% during the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock valued at $1,318,000 after purchasing an additional 4,108 shares during the last quarter. Lmcg Investments LLC boosted its position in shares of Abercrombie & Fitch by 11.2% in the 4th 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 during the period. Mutual of America Capital Management LLC raised its holdings in Abercrombie & Fitch by 228.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock worth $3,864,000 after buying an additional 19,222 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Abercrombie & Fitch during the 4th quarter worth about $12,406,000.

Insider Activity

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the 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 directly owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ANF shares. JPMorgan Chase & Co. raised their target price 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 restated an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Raymond James cut their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Price Performance

Shares of ANF stock opened at $103.07 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $102.07 and a fifty-two week high of $196.99. The stock’s 50-day moving average is $132.98 and its two-hundred day moving average is $141.06. The firm has a market cap of $5.19 billion, a P/E ratio of 10.20 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 earnings per share. As a group, research analysts expect that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.