American International Group Inc. Reduces Position in Abercrombie & Fitch Co. (NYSE:ANF)

American International Group Inc. lessened its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,645 shares of the apparel retailer’s stock after selling 213 shares during the period. American International Group Inc.’s holdings in Abercrombie & Fitch were worth $2,351,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ANF. Pacer Advisors Inc. grew its position in Abercrombie & Fitch by 101.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after purchasing an additional 681,375 shares during the last quarter. Norges Bank purchased a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $37,632,000. American Century Companies Inc. grew its position in Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock worth $37,434,000 after purchasing an additional 419,781 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $32,897,000. Finally, Qube Research & Technologies Ltd grew its position in Abercrombie & Fitch by 54.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 491,085 shares of the apparel retailer’s stock worth $27,682,000 after purchasing an additional 173,225 shares during the last quarter.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $173.27 on Wednesday. The company’s fifty day moving average price is $150.03 and its 200 day moving average price is $124.35. Abercrombie & Fitch Co. has a 1 year low of $33.38 and a 1 year high of $196.99. The company has a market capitalization of $8.85 billion, a PE ratio of 21.55 and a beta of 1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.48. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $967.37 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, research analysts predict that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ANF. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $152.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 29th. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $144.00 to $167.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. UBS Group upped their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.14.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $176.48, for a total transaction of $727,097.60. Following the completion of the transaction, the director now directly owns 7,565 shares in the company, valued at $1,335,071.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $176.48, for a total transaction of $727,097.60. Following the completion of the transaction, the director now directly owns 7,565 shares in the company, valued at $1,335,071.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nigel Travis sold 7,700 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $173.66, for a total transaction of $1,337,182.00. Following the transaction, the director now owns 19,855 shares of the company’s stock, valued at $3,448,019.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 422,120 shares of company stock worth $48,119,693. Company insiders own 3.77% of the company’s stock.

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.