NINE MASTS CAPITAL Ltd Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

NINE MASTS CAPITAL Ltd bought a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,691 shares of the apparel retailer’s stock, valued at approximately $253,000.

A number of other large investors have also recently bought and sold shares of ANF. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch in the fourth quarter worth about $27,000. UMB Bank n.a. lifted its holdings in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 107 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA lifted 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 acquiring an additional 272 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 132 shares during the last quarter.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $102.94 on Monday. Abercrombie & Fitch Co. has a 12 month low of $99.12 and a 12 month high of $196.99. The firm has a market capitalization of $5.19 billion, a PE ratio of 10.18 and a beta of 1.49. The company’s 50 day simple moving average is $127.32 and its 200 day simple moving average is $139.24.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lifted 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 on the stock 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 on the stock in a report on Tuesday, January 14th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch 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 transaction, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by company insiders.

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.