Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 101.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,352,169 shares of the apparel retailer’s stock after purchasing an additional 681,375 shares during the period. Pacer Advisors Inc. owned approximately 2.68% of Abercrombie & Fitch worth $119,288,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Trexquant Investment LP boosted its position in Abercrombie & Fitch by 355.9% during the third quarter. Trexquant Investment LP now owns 195,866 shares of the apparel retailer’s stock worth $11,041,000 after purchasing an additional 152,907 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter worth about $777,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Abercrombie & Fitch by 39.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 153,229 shares of the apparel retailer’s stock worth $8,638,000 after acquiring an additional 43,310 shares during the last quarter. Teza Capital Management LLC purchased a new stake in Abercrombie & Fitch in the third quarter valued at approximately $598,000. Finally, Jupiter Asset Management Ltd. acquired a new position in Abercrombie & Fitch during the third quarter worth approximately $782,000.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 50,000 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $96.24, for a total value of $4,812,000.00. Following the transaction, the chief financial officer now owns 116,987 shares of the company’s stock, valued at $11,258,828.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the transaction, the chief financial officer now directly owns 88,558 shares in the company, valued at approximately $11,330,996.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 50,000 shares of Abercrombie & Fitch stock in a transaction on Monday, January 8th. The shares were sold at an average price of $96.24, for a total value of $4,812,000.00. Following the transaction, the chief financial officer now owns 116,987 shares in the company, valued at approximately $11,258,828.88. The disclosure for this sale can be found here. Insiders sold 288,786 shares of company stock valued at $32,608,812 over the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $121.19 on Tuesday. The firm’s 50-day simple moving average is $117.27 and its 200 day simple moving average is $87.17. The stock has a market cap of $6.11 billion, a P/E ratio of 19.48 and a beta of 1.59. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. Abercrombie & Fitch Co. has a fifty-two week low of $21.74 and a fifty-two week high of $140.28.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.14. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. Equities analysts expect that Abercrombie & Fitch Co. will post 7.48 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ANF. Telsey Advisory Group restated an “outperform” rating and set a $152.00 price objective (up from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. Citigroup boosted their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. UBS Group increased their price objective on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Jefferies Financial Group increased their price target on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Morgan Stanley raised their price objective on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.00.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.