Abercrombie & Fitch Co. (NYSE:ANF) Stake Raised by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 86.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,020 shares of the apparel retailer’s stock after acquiring an additional 25,020 shares during the quarter. MetLife Investment Management LLC’s holdings in Abercrombie & Fitch were worth $7,557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ANF. Wolff Wiese Magana LLC lifted its stake in Abercrombie & Fitch by 6.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after acquiring an additional 65 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of Abercrombie & Fitch by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after purchasing an additional 74 shares during the last quarter. Atria Investments Inc boosted its holdings in Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after purchasing an additional 80 shares in the last quarter. Sage Rhino Capital LLC increased its position in Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after buying an additional 89 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after buying an additional 115 shares in the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday. UBS Group boosted their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Citigroup upgraded shares of 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.14.

Abercrombie & Fitch Trading Up 0.7 %

Shares of ANF stock opened at $149.56 on Friday. Abercrombie & Fitch Co. has a 1 year low of $75.18 and a 1 year high of $196.99. The firm’s fifty day simple moving average is $143.82 and its 200 day simple moving average is $153.51. The firm has a market capitalization of $7.64 billion, a P/E ratio of 14.79 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last posted 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 $2.31 by $0.19. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.49 EPS 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.