Wellington Management Group LLP Decreases Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Wellington Management Group LLP cut its position in Abercrombie & Fitch Co. (NYSE:ANF) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,400 shares of the apparel retailer’s stock after selling 9,891 shares during the period. Wellington Management Group LLP’s holdings in Abercrombie & Fitch were worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ANF. McGlone Suttner Wealth Management Inc. purchased a new position in Abercrombie & Fitch in the fourth quarter valued at $33,000. GAMMA Investing LLC purchased a new stake in Abercrombie & Fitch during the 4th quarter worth about $49,000. Daiwa Securities Group Inc. acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $62,000. USA Financial Formulas increased its holdings in shares of Abercrombie & Fitch by 1,227.7% in the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 798 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth about $79,000.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $177.84 on Monday. Abercrombie & Fitch Co. has a one year low of $33.38 and a one year high of $196.99. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 22.12 and a beta of 1.48. The company has a 50-day simple moving average of $153.85 and a 200-day simple moving average of $126.28. 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 posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.48. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $967.37 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post 9.25 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other news, Director James A. Goldman sold 4,120 shares of Abercrombie & Fitch stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $176.48, for a total value of $727,097.60. Following the sale, the director now owns 7,565 shares of the company’s stock, valued at $1,335,071.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $176.48, for a total value of $727,097.60. Following the completion of the transaction, the director now 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 available at this hyperlink. Also, Director Nigel Travis sold 7,700 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $173.66, for a total value of $1,337,182.00. Following the completion of the sale, the director now directly owns 19,855 shares of the company’s stock, valued at approximately $3,448,019.30. The disclosure for this sale can be found here. Insiders have sold a total of 422,120 shares of company stock worth $48,119,693 in the last three months. Insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

ANF has been the topic of several recent analyst reports. Argus increased their price target on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Jefferies Financial Group increased their target price on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $152.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $144.00 to $167.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $174.14.

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.