Jennison Associates LLC Takes $844,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Jennison Associates LLC purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,646 shares of the apparel retailer’s stock, valued at approximately $844,000.

Several other institutional investors have also made changes to their positions in ANF. Wolff Wiese Magana LLC lifted its holdings in Abercrombie & Fitch by 6.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after purchasing an additional 65 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in Abercrombie & Fitch by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after purchasing an additional 74 shares during the last quarter. Atria Investments Inc lifted its holdings in Abercrombie & Fitch by 5.4% in the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after purchasing an additional 80 shares during the last quarter. UMB Bank n.a. increased its position in Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after buying an additional 107 shares during the period. Finally, Farther Finance Advisors LLC increased its position 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 period.

Abercrombie & Fitch Trading Up 0.9 %

ANF opened at $114.62 on Friday. The stock’s 50 day simple moving average is $140.59 and its 200-day simple moving average is $143.84. The stock has a market cap of $5.77 billion, a PE ratio of 11.34 and a beta of 1.49. Abercrombie & Fitch Co. has a 1 year low of $101.59 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate 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%. Abercrombie & Fitch’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 EPS. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the topic of several recent analyst reports. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Morgan Stanley dropped their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.25.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the business’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 completion of the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 in the last 90 days. 2.58% of the stock is owned by corporate insiders.

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.