GAMMA Investing LLC Increases Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

GAMMA Investing LLC lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 34.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,056 shares of the apparel retailer’s stock after buying an additional 268 shares during the period. GAMMA Investing LLC’s holdings in Abercrombie & Fitch were worth $158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares during the period. Quarry LP lifted its stake in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after purchasing an additional 170 shares during the period. Private Trust Co. NA lifted its stake in shares of Abercrombie & Fitch by 604.4% in 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. Northwestern Mutual Wealth Management Co. boosted its holdings in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in Abercrombie & Fitch by 66.1% during the second quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock worth $132,000 after buying an additional 295 shares during the period.

Abercrombie & Fitch Trading Down 0.3 %

NYSE ANF opened at $151.62 on Thursday. The company has a market capitalization of $7.64 billion, a PE ratio of 15.00 and a beta of 1.52. The business’s 50-day moving average price is $146.99 and its 200 day moving average price is $150.36. Abercrombie & Fitch Co. has a twelve month low of $93.91 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results 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 firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $1.83 earnings per share. Abercrombie & Fitch’s revenue was up 14.4% compared to the same quarter last year. Equities analysts predict that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the transaction, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ANF shares. UBS Group boosted their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Finally, StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.50.

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.