Vontobel Holding Ltd. Sells 1,281 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Vontobel Holding Ltd. reduced its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,211 shares of the apparel retailer’s stock after selling 1,281 shares during the quarter. Vontobel Holding Ltd.’s holdings in Abercrombie & Fitch were worth $330,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Creative Planning boosted its stake in Abercrombie & Fitch by 5.9% in the third quarter. Creative Planning now owns 30,284 shares of the apparel retailer’s stock valued at $4,237,000 after acquiring an additional 1,693 shares during the last quarter. Raymond James & Associates boosted its stake in Abercrombie & Fitch by 85.6% in the third quarter. Raymond James & Associates now owns 19,559 shares of the apparel retailer’s stock valued at $2,736,000 after acquiring an additional 9,022 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Abercrombie & Fitch by 2,944.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,597 shares of the apparel retailer’s stock valued at $2,462,000 after acquiring an additional 17,019 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Abercrombie & Fitch by 10.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,963 shares of the apparel retailer’s stock valued at $694,000 after acquiring an additional 467 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new position in Abercrombie & Fitch in the third quarter valued at approximately $3,386,000.

Abercrombie & Fitch Stock Down 1.9 %

Shares of NYSE:ANF opened at $103.07 on Friday. Abercrombie & Fitch Co. has a 12 month low of $102.07 and a 12 month high of $196.99. The company’s fifty day simple moving average is $132.98 and its 200 day simple moving average is $141.06. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 10.20 and a beta of 1.49.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at $14,697,070. The trade was a 8.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % 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. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Company 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.