Colonial River Investments LLC Grows Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Colonial River Investments LLC grew its position in Abercrombie & Fitch Co. (NYSE:ANF) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,539 shares of the apparel retailer’s stock after buying an additional 133 shares during the quarter. Colonial River Investments LLC’s holdings in Abercrombie & Fitch were worth $380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 272 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Abercrombie & Fitch by 16.9% in the third quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock valued at $139,000 after acquiring an additional 144 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 directly owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. 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 over the last quarter. 2.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ANF shares. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the company from $173.00 to $220.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Morgan Stanley cut their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Raymond James cut their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Stock Down 2.7 %

ANF stock opened at $100.32 on Monday. The business has a fifty day moving average of $132.14 and a two-hundred day moving average of $140.91. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 9.92 and a beta of 1.49. Abercrombie & Fitch Co. has a 52-week low of $99.51 and a 52-week high of $196.99.

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

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.