State of Alaska Department of Revenue Sells 269 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

State of Alaska Department of Revenue lowered its position in Abercrombie & Fitch Co. (NYSE:ANF) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,707 shares of the apparel retailer’s stock after selling 269 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Abercrombie & Fitch worth $3,848,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Abercrombie & Fitch by 101.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after purchasing an additional 681,375 shares in the last quarter. Norges Bank bought a new position in Abercrombie & Fitch during the 4th quarter worth about $37,632,000. American Century Companies Inc. increased its holdings in Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock worth $37,434,000 after purchasing an additional 419,781 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Abercrombie & Fitch during the 4th quarter worth about $32,897,000. Finally, Vanguard Group Inc. increased its holdings in Abercrombie & Fitch by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock worth $348,992,000 after purchasing an additional 146,384 shares in the last quarter.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the sale, the director now directly owns 5,880 shares in the company, valued at $1,009,066.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 525,520 shares in the company, valued at $58,127,767.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth B. Robinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total transaction of $223,093.00. Following the transaction, the director now directly owns 5,880 shares in the company, valued at $1,009,066.80. The disclosure for this sale can be found here. Insiders sold 422,120 shares of company stock worth $48,119,693 over the last three months. Insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANF shares. Argus increased their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Citigroup increased their price objective on shares of Abercrombie & Fitch from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $152.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $174.14.

Abercrombie & Fitch Trading Down 2.0 %

Shares of NYSE:ANF opened at $179.75 on Friday. Abercrombie & Fitch Co. has a 52-week low of $33.38 and a 52-week high of $196.99. The company has a market capitalization of $9.19 billion, a P/E ratio of 22.36 and a beta of 1.54. The company has a 50-day simple moving average of $159.09 and a 200 day simple moving average of $128.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.48. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. During the same period last year, the business posted $0.39 EPS. Abercrombie & Fitch’s revenue was up 22.1% on a year-over-year basis. Sell-side analysts forecast that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current year.

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.