Abercrombie & Fitch Co. (NYSE:ANF) Position Boosted by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its position in Abercrombie & Fitch Co. (NYSE:ANFFree Report) by 23.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,805 shares of the apparel retailer’s stock after buying an additional 16,635 shares during the quarter. Panagora Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $4,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Watershed Asset Management L.L.C. acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at approximately $304,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Abercrombie & Fitch in the third quarter worth about $265,000. Allspring Global Investments Holdings LLC lifted its holdings in Abercrombie & Fitch by 278.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,455 shares of the apparel retailer’s stock worth $138,000 after acquiring an additional 1,807 shares during the last quarter. TD Asset Management Inc acquired a new position in Abercrombie & Fitch in the third quarter valued at approximately $564,000. Finally, Castleview Partners LLC acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $44,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ANF shares. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $53.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 22nd. Citigroup boosted their target price on shares of Abercrombie & Fitch from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. Telsey Advisory Group raised their price target on shares of Abercrombie & Fitch from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, UBS Group boosted their price objective on Abercrombie & Fitch from $93.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $69.43.

Get Our Latest Stock Analysis on ANF

Abercrombie & Fitch Price Performance

NYSE ANF opened at $99.45 on Thursday. The firm has a market capitalization of $5.01 billion, a PE ratio of 24.86 and a beta of 1.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.82. Abercrombie & Fitch Co. has a 12 month low of $21.74 and a 12 month high of $99.51. The company’s 50 day simple moving average is $83.41 and its 200 day simple moving average is $61.29.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last announced its earnings results on Tuesday, November 21st. The apparel retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.65. Abercrombie & Fitch had a return on equity of 27.95% and a net margin of 5.16%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $980.99 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 6.05 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other news, insider Kristin A. Scott sold 80,000 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $96.25, for a total transaction of $7,700,000.00. Following the sale, the insider now directly owns 148,485 shares of the company’s stock, valued at $14,291,681.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Abercrombie & Fitch news, insider Kristin A. Scott sold 80,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $96.25, for a total value of $7,700,000.00. Following the completion of the transaction, the insider now directly owns 148,485 shares in the company, valued at $14,291,681.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sarah M. Gallagher sold 13,225 shares of Abercrombie & Fitch stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $74.36, for a total transaction of $983,411.00. Following the transaction, the director now owns 2,800 shares in the company, valued at $208,208. The disclosure for this sale can be found here. Insiders sold a total of 143,447 shares of company stock valued at $13,511,615 in the last three months. 3.77% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Profile

(Free Report)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.

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Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

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