Robeco Institutional Asset Management B.V. Boosts Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Robeco Institutional Asset Management B.V. grew its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,724 shares of the apparel retailer’s stock after buying an additional 4,433 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Abercrombie & Fitch were worth $13,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 107 shares in the last quarter. Farther Finance Advisors LLC raised 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 buying an additional 123 shares in the last quarter. Quarry LP raised its position in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares in the last quarter. Private Trust Co. NA raised its position in shares of Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 132 shares in the last quarter.

Insider Activity

In other news, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ANF. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Raymond James reduced their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the company from $173.00 to $220.00 in a report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, Morgan Stanley reduced 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 report 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’s stock. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Stock Down 2.6 %

Shares of Abercrombie & Fitch stock opened at $119.48 on Friday. The firm has a market cap of $6.02 billion, a PE ratio of 11.82 and a beta of 1.52. Abercrombie & Fitch Co. has a 12-month low of $101.14 and a 12-month high of $196.99. The company’s fifty day simple moving average is $143.39 and its two-hundred day simple moving average is $145.11.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion for 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 revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. As a group, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Abercrombie & Fitch Profile

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.