UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.12 Million Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,742 shares of the apparel retailer’s stock after selling 11,324 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Abercrombie & Fitch worth $13,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Quarry LP increased its position in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the last quarter. Private Trust Co. NA increased its position in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after buying an additional 272 shares during the last quarter. CWM LLC increased its position in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after buying an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after acquiring an additional 624 shares during the last quarter.

Insider Activity

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

Abercrombie & Fitch Price Performance

NYSE ANF opened at $151.35 on Friday. Abercrombie & Fitch Co. has a 52-week low of $76.82 and a 52-week high of $196.99. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 14.97 and a beta of 1.52. The company’s fifty day moving average is $145.42 and its two-hundred day moving average is $154.26.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted $1.83 EPS. The business’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ANF shares. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. UBS Group boosted their target price on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.