Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Virtue Capital Management LLC

Virtue Capital Management LLC lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,119 shares of the apparel retailer’s stock after acquiring an additional 154 shares during the quarter. Virtue Capital Management LLC’s holdings in Abercrombie & Fitch were worth $1,136,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the period. Private Trust Co. NA raised its holdings in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Quarry LP lifted 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 worth $50,000 after purchasing an additional 170 shares during the last quarter. CWM LLC grew its stake in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after acquiring an additional 222 shares in the last quarter.

Abercrombie & Fitch Stock Down 1.3 %

NYSE:ANF opened at $138.29 on Wednesday. The company has a market cap of $7.06 billion, a P/E ratio of 13.68 and a beta of 1.52. The firm’s 50 day moving average is $145.48 and its two-hundred day moving average is $154.22. Abercrombie & Fitch Co. has a fifty-two week low of $79.20 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm 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 firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 EPS. Research analysts forecast that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANF has been the subject of several research reports. Raymond James initiated coverage on Abercrombie & Fitch in a report on Friday, December 6th. They issued an “outperform” rating and a $180.00 target price for the company. Morgan Stanley increased their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group lifted their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.38.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now owns 6,405 shares in the company, valued at $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Samir Desai sold 5,926 shares of the 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 sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company’s stock.

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.