HighTower Advisors LLC Acquires 157 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

HighTower Advisors LLC grew its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,617 shares of the apparel retailer’s stock after acquiring an additional 157 shares during the period. HighTower Advisors LLC’s holdings in Abercrombie & Fitch were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted 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 valued at $38,000 after purchasing an additional 123 shares in the last quarter. Private Trust Co. NA increased its position in shares of 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 acquiring an additional 272 shares during the period. Quarry LP increased its holdings 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. GAMMA Investing LLC lifted its stake in Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after acquiring an additional 222 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 during the last quarter.

Insiders Place Their Bets

In related news, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is owned by corporate insiders.

Abercrombie & Fitch Stock Up 0.9 %

Shares of ANF stock opened at $154.56 on Friday. The stock has a market capitalization of $7.79 billion, a PE ratio of 15.29 and a beta of 1.52. The firm has a 50 day moving average of $146.19 and a two-hundred day moving average of $153.28. Abercrombie & Fitch Co. has a 52 week low of $86.91 and a 52 week high of $196.99.

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

Analysts Set New Price Targets

ANF has been the topic of several recent research reports. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James started coverage on Abercrombie & Fitch in a report on Friday, December 6th. They set an “outperform” rating and a $180.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Finally, Morgan Stanley raised their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch presently has a consensus 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.