AE Wealth Management LLC Makes New $4.23 Million Investment in Abercrombie & Fitch Company $ANF

AE Wealth Management LLC acquired a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) during the 3rd quarter, Holdings Channel reports. The fund acquired 49,407 shares of the apparel retailer’s stock, valued at approximately $4,227,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANF. Franklin Resources Inc. lifted its position in Abercrombie & Fitch by 0.4% during the second quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer’s stock worth $3,958,000 after buying an additional 167 shares during the period. Valeo Financial Advisors LLC grew its holdings in Abercrombie & Fitch by 1.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock valued at $793,000 after buying an additional 173 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Abercrombie & Fitch by 2.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock valued at $590,000 after acquiring an additional 194 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Abercrombie & Fitch by 1.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,240 shares of the apparel retailer’s stock worth $1,014,000 after acquiring an additional 199 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 227 shares during the period.

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 103,200 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the transaction, the chief executive officer owned 605,303 shares in the company, valued at $59,640,504.59. This represents a 14.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Trading Up 4.0%

Shares of NYSE ANF opened at $97.59 on Friday. The stock has a fifty day moving average price of $108.96 and a 200 day moving average price of $93.53. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11. The company has a market cap of $4.48 billion, a P/E ratio of 9.36 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ANF. JPMorgan Chase & Co. lowered their target price on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Jefferies Financial Group restated a “buy” rating and set a $145.00 price objective on shares of Abercrombie & Fitch in a report on Monday, January 5th. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the company from $90.00 to $135.00 in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Abercrombie & Fitch 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.