Kapitalo Investimentos Ltda Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Kapitalo Investimentos Ltda purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,449 shares of the apparel retailer’s stock, valued at approximately $304,000.

Other hedge funds have also modified their holdings of the company. Trexquant Investment LP lifted its stake in Abercrombie & Fitch by 355.9% in the third quarter. Trexquant Investment LP now owns 195,866 shares of the apparel retailer’s stock valued at $11,041,000 after acquiring an additional 152,907 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at $777,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Abercrombie & Fitch by 39.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 153,229 shares of the apparel retailer’s stock worth $8,638,000 after purchasing an additional 43,310 shares in the last quarter. Legacy Capital Group California Inc. acquired a new position in Abercrombie & Fitch during the fourth quarter worth $1,125,000. Finally, Teza Capital Management LLC bought a new position in Abercrombie & Fitch during the third quarter valued at about $598,000.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded down $2.38 during trading on Tuesday, reaching $183.51. The company had a trading volume of 311,323 shares, compared to its average volume of 1,626,161. Abercrombie & Fitch Co. has a 52 week low of $33.38 and a 52 week high of $196.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64. The business’s 50 day moving average price is $142.50 and its 200-day moving average price is $120.14. The stock has a market cap of $9.38 billion, a PE ratio of 22.91 and a beta of 1.48.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.48. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $967.37 million. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Analysts expect that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the completion of the sale, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $176.48, for a total value of $1,588,320.00. Following the completion of the transaction, the chief financial officer now directly owns 115,455 shares of the company’s stock, valued at $20,375,498.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the sale, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 422,120 shares of company stock worth $48,119,693. Insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANF shares. Jefferies Financial Group increased their price objective on Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $144.00 to $167.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. UBS Group upped their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Argus raised their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $152.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.14.

Abercrombie & Fitch 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.