Kestra Investment Management LLC Takes $235,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Kestra Investment Management LLC purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,570 shares of the apparel retailer’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANF. UMB Bank n.a. raised its holdings in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Private Trust Co. NA lifted its holdings in Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Fifth Third Bancorp boosted its stake in Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Abercrombie & Fitch by 16.9% during the third quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock worth $139,000 after buying an additional 144 shares in the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 over the last three months. Insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ANF. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Raymond James dropped their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley cut their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $104.96 on Thursday. Abercrombie & Fitch Co. has a fifty-two week low of $104.37 and a fifty-two week high of $196.99. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 10.38 and a beta of 1.49. The stock has a 50 day moving average of $133.67 and a 200 day moving average of $141.33.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $1.83 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts forecast that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.