Fisher Asset Management LLC Buys 40,914 Shares of Abercrombie & Fitch Company $ANF

Fisher Asset Management LLC increased its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 431,351 shares of the apparel retailer’s stock after purchasing an additional 40,914 shares during the period. Fisher Asset Management LLC owned approximately 0.92% of Abercrombie & Fitch worth $36,902,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in shares of Abercrombie & Fitch by 0.4% during the 2nd 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. Wealth Enhancement Advisory Services LLC grew its holdings in Abercrombie & Fitch by 2.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock valued at $590,000 after purchasing an additional 194 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Abercrombie & Fitch by 1.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,240 shares of the apparel retailer’s stock valued at $1,014,000 after purchasing an additional 199 shares in the last quarter. NewEdge Advisors LLC increased its stake in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 250 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ANF. Barclays upped their price objective on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group started coverage on Abercrombie & Fitch in a report on Thursday, December 11th. They issued a “buy” rating and a $120.00 price target for the company. BTIG Research reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Morgan Stanley increased their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $135.00 in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $120.90.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $99.37 on Wednesday. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $133.11. The business’s 50 day simple moving average is $105.32 and its 200 day simple moving average is $93.38. The firm has a market cap of $4.56 billion, a PE ratio of 9.53 and a beta of 1.17.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were 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 of the company’s stock, valued at approximately $59,640,504.59. This trade represents a 14.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 350,000 shares of company stock worth $34,661,358 in the last ninety days. Corporate insiders own 2.29% of the company’s stock.

About Abercrombie & Fitch

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.