Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 108.9% during the 4th quarter, Holdings Channel reports. The firm owned 124,115 shares of the apparel retailer’s stock after purchasing an additional 64,708 shares during the period. Empowered Funds LLC’s holdings in Abercrombie & Fitch were worth $18,551,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ANF. Everence Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter worth $212,000. Lmcg Investments LLC grew its holdings in shares of Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock worth $3,687,000 after acquiring an additional 2,479 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock worth $3,864,000 after acquiring an additional 19,222 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Abercrombie & Fitch by 96.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer’s stock worth $3,412,000 after acquiring an additional 11,208 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Abercrombie & Fitch by 115.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 25,483 shares of the apparel retailer’s stock worth $3,565,000 after acquiring an additional 13,677 shares during the last quarter.

Insider Transactions at Abercrombie & Fitch

In other 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 value of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction dated 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 $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,401 shares of company stock worth $2,631,741. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $114.94 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $104.34 and a fifty-two week high of $196.99. The stock’s 50-day moving average is $139.90 and its two-hundred day moving average is $143.41. The firm has a market cap of $5.79 billion, a P/E ratio of 11.37 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price 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 decreased their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Finally, UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $182.25.

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.