Cerity Partners LLC Acquires 1,943 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Cerity Partners LLC lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 91.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,068 shares of the apparel retailer’s stock after purchasing an additional 1,943 shares during the period. Cerity Partners LLC’s holdings in Abercrombie & Fitch were worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANF. Citigroup Inc. grew its holdings in Abercrombie & Fitch by 34.7% during the 3rd quarter. Citigroup Inc. now owns 72,874 shares of the apparel retailer’s stock worth $10,195,000 after acquiring an additional 18,767 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after purchasing an additional 60,022 shares in the last quarter. Navellier & Associates Inc. grew its stake in shares of Abercrombie & Fitch by 46.0% during the third quarter. Navellier & Associates Inc. now owns 44,302 shares of the apparel retailer’s stock valued at $6,198,000 after purchasing an additional 13,955 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Abercrombie & Fitch by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,768 shares of the apparel retailer’s stock valued at $2,626,000 after purchasing an additional 1,002 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Abercrombie & Fitch by 17.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,709 shares of the apparel retailer’s stock worth $1,218,000 after purchasing an additional 1,270 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on ANF. UBS Group increased their price objective on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $178.38.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following 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. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 in the last quarter. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Trading Up 0.9 %

Abercrombie & Fitch stock opened at $151.35 on Friday. The firm has a market capitalization of $7.73 billion, a P/E ratio of 14.97 and a beta of 1.52. The business has a 50-day moving average of $145.42 and a 200-day moving average of $154.26. Abercrombie & Fitch Co. has a 1 year low of $76.82 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 earnings per share. Research analysts anticipate that Abercrombie & Fitch Co. will post 10.52 EPS for the current fiscal year.

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.