PNC Financial Services Group Inc. Acquires 534 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

PNC Financial Services Group Inc. grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,186 shares of the apparel retailer’s stock after buying an additional 534 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Abercrombie & Fitch were worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ANF. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $33,000. GAMMA Investing LLC bought a new position in Abercrombie & Fitch in the fourth quarter worth approximately $49,000. Daiwa Securities Group Inc. bought a new position in Abercrombie & Fitch in the fourth quarter worth approximately $62,000. USA Financial Formulas grew 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 worth $76,000 after purchasing an additional 798 shares in the last quarter. Finally, BML Capital Management LLC bought a new position in Abercrombie & Fitch in the fourth quarter worth approximately $79,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on ANF shares. UBS Group increased their price objective on Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Argus increased their price objective on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Citigroup increased their price objective on Abercrombie & Fitch from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Telsey Advisory Group restated an “outperform” rating and set a $152.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 29th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $174.14.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $170.05 on Tuesday. Abercrombie & Fitch Co. has a 12 month low of $33.38 and a 12 month high of $196.99. The stock has a fifty day moving average price of $148.88 and a 200-day moving average price of $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. The firm has a market cap of $8.69 billion, a PE ratio of 21.15 and a beta of 1.48.

Abercrombie & Fitch (NYSE:ANF) last issued 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. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $967.37 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts predict that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 115,455 shares of the company’s stock, valued at approximately $20,375,498.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 115,455 shares of the company’s stock, valued at approximately $20,375,498.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Fran Horowitz sold 400,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 525,520 shares in the company, valued at $58,127,767.20. The disclosure for this sale can be found here. Insiders have sold a total of 422,120 shares of company stock valued at $48,119,693 in the last ninety days. Company insiders own 3.77% of the company’s stock.

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.