UMB Bank n.a. Raises Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

UMB Bank n.a. lifted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 92.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223 shares of the apparel retailer’s stock after acquiring an additional 107 shares during the period. UMB Bank n.a.’s holdings in Abercrombie & Fitch were worth $33,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in shares of Abercrombie & Fitch by 6.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after purchasing an additional 65 shares during the period. Chartwell Investment Partners LLC boosted its holdings in Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after acquiring an additional 74 shares during the period. Atria Investments Inc increased its stake in Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after purchasing an additional 80 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Abercrombie & Fitch by 0.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 19,992 shares of the apparel retailer’s stock worth $2,797,000 after purchasing an additional 124 shares during the last quarter.

Insider Buying and Selling

In other news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction dated Friday, November 29th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock valued at $2,631,741 over the last 90 days. Insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

ANF has been the subject of several research reports. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Morgan Stanley cut their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. Raymond James cut their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Trading Down 0.6 %

NYSE ANF opened at $123.45 on Friday. The stock has a market cap of $6.22 billion, a P/E ratio of 12.21 and a beta of 1.52. Abercrombie & Fitch Co. has a 12-month low of $100.84 and a 12-month high of $196.99. The company has a fifty day simple moving average of $145.60 and a two-hundred day simple moving average of $146.71.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data 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. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business posted $1.83 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.64 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.