Nisa Investment Advisors LLC Sells 700 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Nisa Investment Advisors LLC reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,729 shares of the apparel retailer’s stock after selling 700 shares during the period. Nisa Investment Advisors LLC’s holdings in Abercrombie & Fitch were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ANF. Quarry LP bought a new position in shares of Abercrombie & Fitch during the first quarter valued at approximately $29,000. Advisory Services Network LLC increased its stake in shares of Abercrombie & Fitch by 985.0% during the first quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of Abercrombie & Fitch during the third quarter valued at approximately $31,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $33,000. Finally, Castleview Partners LLC purchased a new stake in shares of Abercrombie & Fitch during the third quarter valued at approximately $44,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ANF shares. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. UBS Group increased their price target on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Argus increased their price target on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Citigroup increased their price target on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $122.71.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the transaction, the executive vice president now directly owns 1,014 shares in the company, valued at $127,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the sale, the chief financial officer now directly owns 88,558 shares in the company, valued at approximately $11,330,996.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total transaction of $98,572.26. Following the sale, the executive vice president now owns 1,014 shares in the company, valued at $127,165.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,786 shares of company stock worth $20,096,812. Company insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Trading Up 1.0 %

Shares of ANF stock opened at $110.39 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. Abercrombie & Fitch Co. has a 12-month low of $21.74 and a 12-month high of $140.28. The stock has a market capitalization of $5.63 billion, a P/E ratio of 17.75 and a beta of 1.58. The firm’s 50 day moving average is $123.25 and its 200 day moving average is $95.52.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Research analysts expect that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current year.

Abercrombie & Fitch Profile

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.