Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 123.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,800 shares of the apparel retailer’s stock after purchasing an additional 2,100 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Abercrombie & Fitch were worth $568,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 81.5% in the 3rd 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 last quarter. Private Trust Co. NA boosted its holdings in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares during the period. Finally, Covestor Ltd raised its stake in shares of Abercrombie & Fitch by 16.9% in the 3rd quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock valued at $139,000 after acquiring an additional 144 shares during the period.

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $111.82 on Friday. Abercrombie & Fitch Co. has a one year low of $106.10 and a one year high of $196.99. The company has a 50-day simple moving average of $135.46 and a 200-day simple moving average of $142.03. The firm has a market capitalization of $5.63 billion, a PE ratio of 11.06 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.83 EPS. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now directly owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock valued at $2,631,741 in the last ninety days. Company insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

ANF has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. 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 note on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the company from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, Morgan Stanley cut their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $182.25.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.