Tidal Investments LLC Grows Position in Abercrombie & Fitch Co. (NYSE:ANF)

Tidal Investments LLC raised its position in Abercrombie & Fitch Co. (NYSE:ANF) by 47.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,757 shares of the apparel retailer’s stock after purchasing an additional 2,835 shares during the quarter. Tidal Investments LLC’s holdings in Abercrombie & Fitch were worth $1,225,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ANF. Optimist Retirement Group LLC raised its holdings in shares of Abercrombie & Fitch by 22.8% in the third quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer’s stock worth $239,000 after buying an additional 317 shares during the period. Invst LLC increased its stake in Abercrombie & Fitch by 22.6% in the third quarter. Invst LLC now owns 3,472 shares of the apparel retailer’s stock worth $486,000 after purchasing an additional 639 shares during the period. Virtue Capital Management LLC lifted its position in shares of Abercrombie & Fitch by 1.9% during the third quarter. Virtue Capital Management LLC now owns 8,119 shares of the apparel retailer’s stock worth $1,136,000 after purchasing an additional 154 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Abercrombie & Fitch during the third quarter valued at $970,000. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Abercrombie & Fitch by 16.2% during the third quarter. Coldstream Capital Management Inc. now owns 1,639 shares of the apparel retailer’s stock valued at $229,000 after purchasing an additional 229 shares during the period.

Insider Buying and Selling

In other news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the sale, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 in the last ninety days. 2.58% of the stock is owned by insiders.

Abercrombie & Fitch Stock Performance

ANF stock opened at $144.90 on Thursday. Abercrombie & Fitch Co. has a one year low of $86.91 and a one year high of $196.99. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 14.33 and a beta of 1.52. The firm has a 50-day simple moving average of $145.99 and a two-hundred day simple moving average of $153.28.

Abercrombie & Fitch (NYSE:ANF) last announced 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. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $1.83 earnings per share. As a group, equities analysts predict that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANF has been the subject of several research reports. Raymond James assumed coverage on shares of Abercrombie & Fitch in a research report on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective for the company. Morgan Stanley raised their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. UBS Group increased their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.38.

Abercrombie & Fitch Company 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.