Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 374,061 shares of the apparel retailer’s stock after acquiring an additional 11,582 shares during the quarter. Abercrombie & Fitch comprises approximately 1.0% of Wedge Capital Management L L P NC’s holdings, making the stock its 24th largest position. Wedge Capital Management L L P NC owned approximately 0.74% of Abercrombie & Fitch worth $55,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gateway Investment Advisers LLC acquired a new stake in Abercrombie & Fitch during the 4th quarter worth about $2,539,000. Hennion & Walsh Asset Management Inc. boosted its stake in Abercrombie & Fitch by 10.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,482 shares of the apparel retailer’s stock valued at $819,000 after purchasing an additional 519 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Abercrombie & Fitch by 58.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 40,721 shares of the apparel retailer’s stock worth $6,087,000 after purchasing an additional 14,968 shares during the period. Diversified Trust Co lifted its position in Abercrombie & Fitch by 15.9% in the fourth quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer’s stock worth $1,223,000 after purchasing an additional 1,122 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Abercrombie & Fitch by 17.5% in the 4th quarter. Nordea Investment Management AB now owns 26,756 shares of the apparel retailer’s stock valued at $4,024,000 after purchasing an additional 3,978 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ANF. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Morgan Stanley reduced their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on 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 price target on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Insider Buying and Selling

In other news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Scott D. Lipesky sold 8,605 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Trading Up 1.7 %

Shares of NYSE:ANF opened at $130.34 on Friday. The stock’s 50-day moving average price is $147.19 and its 200-day moving average price is $148.74. The stock has a market capitalization of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52. Abercrombie & Fitch Co. has a 12-month low of $95.51 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for 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 revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. As a group, research analysts predict that Abercrombie & Fitch Co. will post 10.63 EPS for the current year.

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.