Mitsubishi UFJ Trust & Banking Corp Has $1.61 Million Stock Holdings in Abercrombie & Fitch Company $ANF

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 53.8% in the third quarter, Holdings Channel reports. The firm owned 18,766 shares of the apparel retailer’s stock after selling 21,897 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Abercrombie & Fitch were worth $1,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of Abercrombie & Fitch by 486.9% during the second quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock valued at $1,071,000 after acquiring an additional 10,721 shares during the period. Timelo Investment Management Inc. bought a new position in Abercrombie & Fitch during the 2nd quarter valued at about $1,077,000. QRG Capital Management Inc. acquired a new position in Abercrombie & Fitch in the second quarter valued at about $782,000. Valeo Financial Advisors LLC grew its stake in Abercrombie & Fitch by 10,469.4% during the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after buying an additional 983,705 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in Abercrombie & Fitch by 122.9% during the second quarter. Texas Permanent School Fund Corp now owns 55,966 shares of the apparel retailer’s stock worth $4,637,000 after buying an additional 30,853 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on ANF. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $135.00 in a report on Wednesday, January 21st. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Barclays raised their target price on Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Finally, UBS Group raised their price objective on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.60.

Abercrombie & Fitch Stock Up 4.0%

Abercrombie & Fitch stock opened at $97.59 on Friday. The business’s 50-day simple moving average is $108.96 and its 200 day simple moving average is $93.50. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 9.36 and a beta of 1.17. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $2.50 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 100,000 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $95.40, for a total transaction of $9,540,000.00. Following the completion of the sale, the chief executive officer owned 505,303 shares in the company, valued at approximately $48,205,906.20. The trade was a 16.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.