Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 41.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,478 shares of the apparel retailer’s stock after buying an additional 729 shares during the period. Captrust Financial Advisors’ holdings in Abercrombie & Fitch were worth $347,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares during the period. Quarry LP lifted its position in shares of 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 purchasing an additional 170 shares in the last quarter. CWM LLC boosted its stake in shares of Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after purchasing an additional 222 shares in the last quarter.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the company’s 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 owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s 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 sale, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANF. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Morgan Stanley upped their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Raymond James began coverage on shares of Abercrombie & Fitch in a research report on Friday, December 6th. They set an “outperform” rating and a $180.00 price target for the company. Finally, Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average price target of $178.38.

Abercrombie & Fitch Price Performance

ANF stock opened at $142.59 on Friday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 14.10 and a beta of 1.52. Abercrombie & Fitch Co. has a 1-year low of $82.60 and a 1-year high of $196.99. The firm has a fifty day moving average price of $145.54 and a two-hundred day moving average price of $153.94.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts expect that Abercrombie & Fitch Co. will post 10.61 EPS for the current fiscal year.

Abercrombie & Fitch 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.