B. Riley Wealth Advisors Inc. Purchases New Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

B. Riley Wealth Advisors Inc. purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,048 shares of the apparel retailer’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC bought a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $49,000. Daiwa Securities Group Inc. bought a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $62,000. USA Financial Formulas boosted its stake in Abercrombie & Fitch by 1,227.7% in the fourth quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 798 shares during the last quarter. Finally, BML Capital Management LLC bought a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $79,000.

Abercrombie & Fitch Trading Down 2.6 %

ANF opened at $170.05 on Tuesday. The stock has a market capitalization of $8.69 billion, a P/E ratio of 21.15 and a beta of 1.48. Abercrombie & Fitch Co. has a 12 month low of $33.38 and a 12 month high of $196.99. The firm’s fifty day simple moving average is $148.88 and its 200 day simple moving average is $123.68. The company has a current ratio of 1.64, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20.

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

Insider Activity at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 400,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were 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 of the company’s stock, valued at approximately $58,127,767.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of Abercrombie & Fitch stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total value of $223,093.00. Following the sale, the director now directly owns 5,880 shares in the company, valued at approximately $1,009,066.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, April 18th. The shares were 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 owns 525,520 shares in the company, valued at $58,127,767.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 422,120 shares of company stock valued at $48,119,693. 3.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ANF shares. UBS Group raised their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley lifted their price target on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Telsey Advisory Group reissued an “outperform” rating and set a $152.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 29th. Finally, Argus lifted their price target on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.