Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,187 shares of the apparel retailer’s stock after purchasing an additional 3,194 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Abercrombie & Fitch were worth $1,672,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares in the last quarter. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after purchasing an additional 222 shares in the last quarter.

Abercrombie & Fitch Trading Up 1.7 %

ANF opened at $130.34 on Tuesday. The stock has a market capitalization of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52. The stock has a 50-day moving average price of $146.99 and a 200-day moving average price of $147.93. Abercrombie & Fitch Co. has a 12-month low of $95.51 and a 12-month high of $196.99.

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 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 prior year, the company earned $1.83 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Abercrombie & Fitch Co. will post 10.63 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the company from $173.00 to $220.00 in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Raymond James decreased their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was 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 approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock worth $2,631,741 in the last 90 days. 2.58% of the stock is currently owned by insiders.

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.