Maverick Capital Ltd. Has $5.28 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Maverick Capital Ltd. lifted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 102.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,768 shares of the apparel retailer’s stock after acquiring an additional 19,146 shares during the period. Maverick Capital Ltd.’s holdings in Abercrombie & Fitch were worth $5,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC increased its position in shares of Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after acquiring an additional 65 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in shares of Abercrombie & Fitch by 0.8% in the third 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 in the last quarter. Atria Investments Inc grew its holdings in shares of Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after buying an additional 80 shares in the last quarter. Sage Rhino Capital LLC lifted its stake in Abercrombie & Fitch by 5.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after acquiring an additional 89 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in Abercrombie & Fitch by 3.6% during the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock worth $583,000 after acquiring an additional 115 shares during the last quarter.

Abercrombie & Fitch Stock Up 0.7 %

Abercrombie & Fitch stock opened at $149.56 on Friday. Abercrombie & Fitch Co. has a twelve month low of $75.18 and a twelve month high of $196.99. The stock has a market cap of $7.64 billion, a P/E ratio of 14.79 and a beta of 1.50. The company’s 50-day moving average price is $143.82 and its two-hundred day moving average price is $153.51.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.19. 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 analysts’ expectations of $1.19 billion. During the same period last year, the firm posted $1.83 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.49 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group increased their target price on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, August 30th. Morgan Stanley boosted their price target on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.14.

About Abercrombie & Fitch

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.