Allspring Global Investments Holdings LLC Increases Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Allspring Global Investments Holdings LLC increased its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,855 shares of the apparel retailer’s stock after acquiring an additional 9,258 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.05% of Abercrombie & Fitch worth $4,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after acquiring an additional 63,157 shares during the period. Wellington Management Group LLP lifted its stake in Abercrombie & Fitch by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after acquiring an additional 204,901 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Abercrombie & Fitch by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after acquiring an additional 60,022 shares during the period. Fisher Asset Management LLC lifted its stake in Abercrombie & Fitch by 3.0% in the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock worth $79,719,000 after acquiring an additional 16,754 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Abercrombie & Fitch in the third quarter worth $73,048,000.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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 directly owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This trade 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 in the last quarter. 2.58% of the stock is owned by insiders.

Abercrombie & Fitch Price Performance

ANF opened at $103.07 on Friday. The stock has a 50-day moving average price of $132.98 and a 200-day moving average price of $141.06. The firm has a market cap of $5.19 billion, a PE ratio of 10.20 and a beta of 1.49. Abercrombie & Fitch Co. has a 1 year low of $102.07 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 EPS. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on ANF. Morgan Stanley dropped their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $173.00 to $220.00 in a report on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, Raymond James decreased their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock 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.