UMB Bank n.a. Raises Position in Abercrombie & Fitch Co. (NYSE:ANF)

UMB Bank n.a. boosted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 92.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 223 shares of the apparel retailer’s stock after buying an additional 107 shares during the period. UMB Bank n.a.’s holdings in Abercrombie & Fitch were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Xponance Inc. lifted its holdings in Abercrombie & Fitch by 7.4% in the 2nd quarter. Xponance Inc. now owns 3,181 shares of the apparel retailer’s stock valued at $566,000 after purchasing an additional 218 shares in the last quarter. AXA S.A. acquired a new position in Abercrombie & Fitch during the second quarter worth about $2,936,000. The Manufacturers Life Insurance Company grew its stake in Abercrombie & Fitch by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,517 shares of the apparel retailer’s stock valued at $5,071,000 after acquiring an additional 1,761 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Abercrombie & Fitch by 283.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after purchasing an additional 224,555 shares in the last quarter. Finally, Murchinson Ltd. acquired a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $1,778,000.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $123.45 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $100.84 and a fifty-two week high of $196.99. The company has a 50 day moving average price of $145.60 and a 200 day moving average price of $146.71. The stock has a market capitalization of $6.22 billion, a P/E ratio of 12.21 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. On average, research analysts forecast that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James reduced their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price objective for the company from $173.00 to $220.00 in a report on Friday, January 10th. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 in the last quarter. Corporate insiders own 2.58% of the company’s stock.

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.