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

Captrust Financial Advisors lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 41.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,478 shares of the apparel retailer’s stock after purchasing an additional 729 shares during the quarter. Captrust Financial Advisors’ holdings in Abercrombie & Fitch were worth $347,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Abercrombie & Fitch by 81.5% during the third 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 period. Quarry LP grew its holdings in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after acquiring an additional 170 shares during the period. Private Trust Co. NA increased 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 valued at $44,000 after purchasing an additional 272 shares in the last quarter. CWM LLC raised its holdings in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 624 shares in the last quarter.

Insider Activity at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 6,405 shares in the company, valued at $1,024,800. The trade was a 30.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ANF. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. UBS Group increased their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Raymond James began coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They set an “outperform” rating and a $180.00 price objective for the company. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.38.

Abercrombie & Fitch Stock Performance

ANF stock opened at $142.59 on Friday. The company has a 50 day moving average price of $145.54 and a two-hundred day moving average price of $153.94. The stock has a market capitalization of $7.18 billion, a P/E ratio of 14.10 and a beta of 1.52. Abercrombie & Fitch Co. has a one year low of $82.60 and a one year high of $196.99.

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

Abercrombie & Fitch Company 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.