Illinois Municipal Retirement Fund Boosts Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Illinois Municipal Retirement Fund increased its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 85.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,064 shares of the apparel retailer’s stock after purchasing an additional 4,647 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Abercrombie & Fitch were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANF. UMB Bank n.a. increased its position in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the last quarter. Private Trust Co. NA boosted its stake in Abercrombie & Fitch by 604.4% in the 3rd 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. Fifth Third Bancorp boosted its stake in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after buying an additional 132 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Abercrombie & Fitch by 16.9% in the 3rd quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock worth $139,000 after buying an additional 144 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ANF. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Morgan Stanley decreased their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Raymond James decreased their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $102.94 on Friday. The firm has a market capitalization of $5.19 billion, a P/E ratio of 10.18 and a beta of 1.49. Abercrombie & Fitch Co. has a 1-year low of $99.12 and a 1-year high of $196.99. The business’s 50-day simple moving average is $127.32 and its 200-day simple moving average is $139.33.

Insider Activity at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.