Stevens Capital Management LP purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,044 shares of the apparel retailer’s stock, valued at approximately $357,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ANF. McGlone Suttner Wealth Management Inc. purchased a new position in Abercrombie & Fitch in the 4th quarter worth approximately $33,000. GAMMA Investing LLC purchased a new position in Abercrombie & Fitch during the fourth quarter worth approximately $49,000. Daiwa Securities Group Inc. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $62,000. Castleview Partners LLC acquired a new position in Abercrombie & Fitch during the 3rd quarter worth $44,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after purchasing an additional 220 shares during the last quarter.
Abercrombie & Fitch Stock Up 5.7 %
ANF stock traded up $6.63 during mid-day trading on Friday, reaching $122.08. The company had a trading volume of 1,108,070 shares, compared to its average volume of 1,614,633. 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 Co. has a fifty-two week low of $21.74 and a fifty-two week high of $140.28. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 18.56 and a beta of 1.58. The firm has a fifty day simple moving average of $123.14 and a 200 day simple moving average of $97.22.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ANF. Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 target price (up previously from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. Argus upped their price target on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, April 11th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Citigroup lifted their price target on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, Jefferies Financial Group boosted their price objective on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and four have given 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 $122.71.
View Our Latest Stock Analysis on Abercrombie & Fitch
Insider Buying and Selling
In other news, CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Scott D. Lipesky sold 35,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the transaction, the chief financial officer now owns 88,558 shares in the company, valued at $11,330,996.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The disclosure for this sale can be found here. Insiders have sold 558,786 shares of company stock worth $64,340,812 in the last three months. 3.77% of the stock is currently owned by insiders.
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.
See Also
- Five stocks we like better than Abercrombie & Fitch
- 3 Tickers Leading a Meme Stock Revival
- 3 Stocks Leading the U.S. Agriculture Comeback
- Using the MarketBeat Dividend Tax Calculator
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Alphabet Changes the Narrative with Its First-Ever Dividend
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.