Zweig DiMenna Associates LLC Acquires 24,200 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Zweig DiMenna Associates LLC lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 100.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,400 shares of the apparel retailer’s stock after purchasing an additional 24,200 shares during the period. Zweig DiMenna Associates LLC owned about 0.10% of Abercrombie & Fitch worth $7,234,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 107 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Quarry LP raised its position in shares of 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 purchasing an additional 170 shares during the period. Private Trust Co. NA lifted its stake 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 valued at $44,000 after buying an additional 272 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares during the period.

Abercrombie & Fitch Trading Down 0.1 %

NYSE:ANF opened at $124.05 on Friday. The company has a market cap of $6.25 billion, a PE ratio of 12.24 and a beta of 1.52. The company has a 50 day simple moving average of $146.03 and a two-hundred day simple moving average of $147.31. Abercrombie & Fitch Co. has a 12 month low of $100.84 and a 12 month high of $196.99.

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

Insider Activity

In other news, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ANF has been the topic of several analyst reports. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the company from $173.00 to $220.00 in a research report on Friday, January 10th. Morgan Stanley lowered their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. 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. JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

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.