North Growth Management Ltd. Sells 24,000 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

North Growth Management Ltd. trimmed its position in Abercrombie & Fitch Co. (NYSE:ANFFree Report) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,000 shares of the apparel retailer’s stock after selling 24,000 shares during the quarter. Abercrombie & Fitch accounts for 2.4% of North Growth Management Ltd.’s holdings, making the stock its 15th biggest holding. North Growth Management Ltd. owned 0.26% of Abercrombie & Fitch worth $11,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ANF. National Bank of Canada FI raised its position in shares of Abercrombie & Fitch by 1.6% in the 4th quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer’s stock valued at $780,000 after buying an additional 132 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Abercrombie & Fitch by 36.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 220 shares during the last quarter. Range Financial Group LLC boosted its holdings in shares of Abercrombie & Fitch by 2.8% in the 4th quarter. Range Financial Group LLC now owns 11,280 shares of the apparel retailer’s stock valued at $995,000 after purchasing an additional 302 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch in the 4th quarter valued at $33,000. Finally, Arizona State Retirement System raised its holdings in shares of Abercrombie & Fitch by 3.1% during the 3rd quarter. Arizona State Retirement System now owns 14,255 shares of the apparel retailer’s stock worth $804,000 after buying an additional 430 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group lifted their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. UBS Group boosted their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Telsey Advisory Group restated an “outperform” rating and set a $152.00 price objective (up previously from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Finally, Morgan Stanley lifted their price target on Abercrombie & Fitch from $103.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.00.

Check Out Our Latest Stock Analysis on ANF

Abercrombie & Fitch Trading Up 1.6 %

Shares of ANF traded up $2.08 during mid-day trading on Monday, reaching $131.79. 694,232 shares of the company were exchanged, compared to its average volume of 1,542,078. The business has a 50 day simple moving average of $123.84 and a two-hundred day simple moving average of $102.79. Abercrombie & Fitch Co. has a 52 week low of $22.21 and a 52 week high of $140.28. The stock has a market capitalization of $6.73 billion, a PE ratio of 20.85 and a beta of 1.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company posted $0.81 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch Co. will post 7.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the sale, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Jay Rust sold 786 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the transaction, the executive vice president now directly owns 1,014 shares of the company’s stock, valued at approximately $127,165.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares in the company, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Insiders sold 558,786 shares of company stock worth $64,340,812 in the last quarter. 3.77% of the stock is owned by corporate insiders.

About Abercrombie & Fitch

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Co. (NYSE:ANFFree Report).

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

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.