Bridgewater Associates LP Has $17.56 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Bridgewater Associates LP raised its position in Abercrombie & Fitch Co. (NYSE:ANF) by 561.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 125,550 shares of the apparel retailer’s stock after purchasing an additional 106,577 shares during the period. Bridgewater Associates LP owned 0.25% of Abercrombie & Fitch worth $17,564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANF. Matrix Trust Co acquired a new position in Abercrombie & Fitch in the second quarter valued at $35,000. Farther Finance Advisors LLC boosted its position in shares of Abercrombie & Fitch by 81.5% during 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 in the last quarter. Quarry LP grew its stake in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the period. Private Trust Co. NA increased its holdings in Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Finally, CWM LLC lifted its stake in Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares during the period.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,541 shares of company stock worth $4,310,256. 2.58% of the stock is owned by company insiders.

Abercrombie & Fitch Stock Up 1.3 %

ANF opened at $148.59 on Thursday. The firm has a 50-day moving average price of $143.37 and a 200-day moving average price of $153.58. Abercrombie & Fitch Co. has a twelve month low of $74.68 and a twelve month high of $196.99. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.74 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.31 by $0.19. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. Abercrombie & Fitch’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $1.83 EPS. On average, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on ANF shares. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Morgan Stanley increased their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group boosted their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.14.

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.