Global Assets Advisory LLC Buys New Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Global Assets Advisory LLC purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 21,094 shares of the apparel retailer’s stock, valued at approximately $2,644,000.

Other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth approximately $33,000. GAMMA Investing LLC purchased a new position in Abercrombie & Fitch during the 4th quarter valued at $49,000. Daiwa Securities Group Inc. purchased a new position in Abercrombie & Fitch during the 4th quarter valued at $62,000. USA Financial Formulas boosted its holdings in Abercrombie & Fitch by 1,227.7% during the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 798 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Abercrombie & Fitch during the 4th quarter valued at $79,000.

Abercrombie & Fitch Trading Up 2.0 %

ANF opened at $173.27 on Wednesday. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 21.55 and a beta of 1.48. The company has a current ratio of 1.64, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch Co. has a 12 month low of $33.38 and a 12 month high of $196.99. The stock has a fifty day moving average price of $150.03 and a 200-day moving average price of $124.35.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, topping the consensus estimate of $1.66 by $0.48. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $967.37 million. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. UBS Group boosted their price objective on Abercrombie & Fitch from $155.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $144.00 to $167.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. Citigroup lifted their target price on Abercrombie & Fitch from $150.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.14.

Insider Transactions at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,300 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $171.61, for a total transaction of $223,093.00. Following the transaction, the director now directly owns 5,880 shares of the company’s stock, valued at approximately $1,009,066.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth B. Robinson sold 1,300 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $171.61, for a total value of $223,093.00. Following the transaction, the director now directly owns 5,880 shares in the company, valued at $1,009,066.80. The disclosure for this sale can be found here. In the last three months, insiders sold 422,120 shares of company stock valued at $48,119,693. Corporate insiders own 3.77% of the company’s stock.

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.