Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 86.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,020 shares of the apparel retailer’s stock after purchasing an additional 25,020 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of Abercrombie & Fitch worth $7,557,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in shares of Abercrombie & Fitch by 34.3% in the 1st quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock valued at $7,231,000 after buying an additional 14,736 shares during the period. Cetera Investment Advisers boosted its stake in Abercrombie & Fitch by 209.2% in the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after acquiring an additional 32,915 shares during the period. Cetera Advisors LLC bought a new position in shares of Abercrombie & Fitch during the first quarter valued at approximately $674,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Abercrombie & Fitch by 64.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,944 shares of the apparel retailer’s stock worth $3,377,000 after purchasing an additional 10,556 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $494,000.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Trading Up 0.7 %

Shares of NYSE:ANF opened at $149.56 on Friday. The company has a 50 day moving average of $143.82 and a 200-day moving average of $153.51. The firm has a market cap of $7.64 billion, a P/E ratio of 14.79 and a beta of 1.50. Abercrombie & Fitch Co. has a twelve month low of $75.18 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.19. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.49 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 30th. Jefferies Financial Group raised their price target 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, JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $178.14.

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.