Principal Financial Group Inc. Has $20.51 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Principal Financial Group Inc. lowered its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 42.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,596 shares of the apparel retailer’s stock after selling 107,248 shares during the period. Principal Financial Group Inc. owned about 0.29% of Abercrombie & Fitch worth $20,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ANF. Allspring Global Investments Holdings LLC acquired a new position in Abercrombie & Fitch in the 1st quarter worth about $120,000. SG Americas Securities LLC increased its holdings in Abercrombie & Fitch by 667.2% in the first quarter. SG Americas Securities LLC now owns 15,176 shares of the apparel retailer’s stock worth $1,902,000 after buying an additional 13,198 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Abercrombie & Fitch during the first quarter valued at approximately $264,000. Swiss National Bank lifted its stake in Abercrombie & Fitch by 0.3% in the first quarter. Swiss National Bank now owns 99,500 shares of the apparel retailer’s stock valued at $12,470,000 after acquiring an additional 300 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Abercrombie & Fitch by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,880 shares of the apparel retailer’s stock worth $1,238,000 after acquiring an additional 679 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANF shares. Morgan Stanley dropped their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, UBS Group cut their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.71.

Abercrombie & Fitch Trading Up 1.4 %

ANF opened at $141.90 on Thursday. The stock’s 50 day simple moving average is $141.46 and its 200-day simple moving average is $152.25. The stock has a market cap of $7.25 billion, a PE ratio of 15.03 and a beta of 1.50. Abercrombie & Fitch Co. has a 1 year low of $65.60 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 over the last quarter. 2.58% of the stock is owned by company insiders.

About Abercrombie & Fitch

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.