Retirement Systems of Alabama Takes Position in Abercrombie & Fitch Co. (NYSE:ANF)

Retirement Systems of Alabama purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,079 shares of the apparel retailer’s stock, valued at approximately $8,685,000. Retirement Systems of Alabama owned 0.12% of Abercrombie & Fitch as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares in the last quarter. Quarry LP increased its stake in Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares during the last quarter. GAMMA Investing LLC raised its position in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after purchasing an additional 222 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after purchasing an additional 624 shares during the last quarter.

Insider Activity

In related news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now owns 6,405 shares in the company, valued at $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Price Performance

ANF opened at $152.74 on Wednesday. Abercrombie & Fitch Co. has a fifty-two week low of $83.50 and a fifty-two week high of $196.99. The company’s 50 day moving average price is $145.91 and its two-hundred day moving average price is $153.33. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 15.11 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. As a group, equities research analysts predict that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Wall Street Analyst Weigh In

ANF has been the topic of several recent analyst reports. UBS Group lifted their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Finally, Raymond James started coverage on shares of Abercrombie & Fitch in a research note on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $178.38.

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.