Versor Investments LP Trims Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Versor Investments LP lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 16.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,925 shares of the apparel retailer’s stock after selling 2,350 shares during the quarter. Versor Investments LP’s holdings in Abercrombie & Fitch were worth $1,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANF. Westfield Capital Management Co. LP bought a new position in shares of Abercrombie & Fitch in the third quarter worth about $73,048,000. Wellington Management Group LLP raised its stake in shares of Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after acquiring an additional 204,901 shares in the last quarter. Bridgewater Associates LP raised its position in Abercrombie & Fitch by 561.7% during the 3rd quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer’s stock valued at $17,564,000 after purchasing an additional 106,577 shares in the last quarter. Fred Alger Management LLC purchased a new stake in Abercrombie & Fitch in the third quarter worth about $11,852,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Abercrombie & Fitch during the 4th quarter valued at about $12,406,000.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $104.04 on Thursday. The business’s 50-day moving average is $129.39 and its 200 day moving average is $140.06. Abercrombie & Fitch Co. has a 1 year low of $99.12 and a 1 year high of $196.99. The firm has a market capitalization of $5.24 billion, a P/E ratio of 10.29 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share. On average, analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 directly owns 6,405 shares of the company’s stock, valued at $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped 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. Raymond James lowered their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Morgan Stanley cut their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Finally, StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price of $182.25.

About Abercrombie & Fitch

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.