Kestra Private Wealth Services LLC Raises Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Kestra Private Wealth Services LLC grew its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 27.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,163 shares of the apparel retailer’s stock after acquiring an additional 891 shares during the period. Kestra Private Wealth Services LLC’s holdings in Abercrombie & Fitch were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ANF. Westfield Capital Management Co. LP purchased a new position in Abercrombie & Fitch in the 3rd quarter valued at about $73,048,000. Wellington Management Group LLP lifted its position in Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after buying an additional 204,901 shares in the last quarter. Bridgewater Associates LP boosted its position in Abercrombie & Fitch by 561.7% during the 3rd quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer’s stock worth $17,564,000 after purchasing an additional 106,577 shares during the period. Fred Alger Management LLC acquired a new stake in Abercrombie & Fitch in the 3rd quarter valued at $11,852,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Abercrombie & Fitch in the fourth quarter valued at about $12,406,000.

Insider Transactions at Abercrombie & Fitch

In other news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the 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 directly owns 97,850 shares in the company, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is currently owned by insiders.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $111.82 on Friday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 11.06 and a beta of 1.49. Abercrombie & Fitch Co. has a one year low of $106.10 and a one year high of $196.99. The stock has a 50-day simple moving average of $135.46 and a 200 day simple moving average of $142.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Raymond James lowered their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley dropped their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $220.00 in a report on Friday, January 10th. 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 research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Profile

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.