Stifel Financial Corp Acquires Shares of 3,916 Abercrombie & Fitch Co. (NYSE:ANF)

Stifel Financial Corp bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,916 shares of the apparel retailer’s stock, valued at approximately $548,000.

A number of other institutional investors have also modified their holdings of ANF. Bank of New York Mellon Corp raised its stake in Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after acquiring an additional 20,616 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Abercrombie & Fitch by 1.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,889 shares of the apparel retailer’s stock worth $1,936,000 after purchasing an additional 205 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Abercrombie & Fitch in the 2nd quarter valued at $718,000. Empirical Finance LLC acquired a new position in Abercrombie & Fitch in the 2nd quarter valued at $831,000. Finally, Sage Rhino Capital LLC raised its position in Abercrombie & Fitch by 5.5% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after buying an additional 89 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ANF shares. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group increased their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. StockNews.com downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Raymond James began coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.50.

Insider Buying and Selling at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 97,850 shares in the company, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the transaction, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 over the last quarter. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $155.34 on Friday. The stock has a fifty day moving average price of $145.73 and a 200 day moving average price of $152.56. The stock has a market cap of $7.82 billion, a PE ratio of 15.36 and a beta of 1.52. Abercrombie & Fitch Co. has a 1 year low of $86.91 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 EPS. As a group, equities research analysts predict that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current year.

About Abercrombie & Fitch

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.