Lightrock Netherlands B.V. Makes New $8.63 Million Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Lightrock Netherlands B.V. purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 57,440 shares of the apparel retailer’s stock, valued at approximately $8,628,000. Abercrombie & Fitch comprises about 3.0% of Lightrock Netherlands B.V.’s portfolio, making the stock its 13th largest position.

Other hedge funds also recently modified their holdings of the company. Everence Capital Management Inc. bought a new position in Abercrombie & Fitch during the 4th quarter worth $212,000. Lmcg Investments LLC raised its position in shares of Abercrombie & Fitch by 11.2% during the fourth 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 lifted its stake in shares of Abercrombie & Fitch by 228.9% in the third 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 period. Empirical Finance LLC boosted its holdings in Abercrombie & Fitch by 87.2% in the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock valued at $1,318,000 after acquiring an additional 4,108 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Abercrombie & Fitch by 96.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer’s stock valued at $3,412,000 after purchasing an additional 11,208 shares during the period.

Insider Buying and Selling at Abercrombie & Fitch

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ANF shares. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the company from $173.00 to $220.00 in a report on Friday, January 10th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, 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 note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Stock Performance

ANF stock opened at $113.06 on Tuesday. Abercrombie & Fitch Co. has a fifty-two week low of $108.53 and a fifty-two week high of $196.99. The stock’s 50 day simple moving average is $139.02 and its 200 day simple moving average is $143.07. The company has a market cap of $5.69 billion, a P/E ratio of 11.18 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 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 in the prior year, the firm earned $1.83 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts predict that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current year.

About Abercrombie & Fitch

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.