WD Rutherford LLC Boosts Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

WD Rutherford LLC boosted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,244 shares of the apparel retailer’s stock after purchasing an additional 321 shares during the quarter. WD Rutherford LLC’s holdings in Abercrombie & Fitch were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANF. Rhumbline Advisers lifted its stake in shares of Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock valued at $23,699,000 after buying an additional 4,837 shares during the period. Asset Management One Co. Ltd. raised its holdings in Abercrombie & Fitch by 1.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer’s stock valued at $1,392,000 after acquiring an additional 118 shares during the last quarter. Legato Capital Management LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $610,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Abercrombie & Fitch by 52.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 26,855 shares of the apparel retailer’s stock worth $4,027,000 after purchasing an additional 9,258 shares during the period. Finally, Lightrock Netherlands B.V. acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $8,628,000.

Abercrombie & Fitch Trading Up 1.6 %

Shares of Abercrombie & Fitch stock opened at $111.82 on Friday. Abercrombie & Fitch Co. has a twelve month low of $106.10 and a twelve month high of $196.99. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 11.06 and a beta of 1.49. The company has a fifty day moving average price of $135.46 and a 200 day moving average price of $142.00.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share. Analysts forecast that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current year.

Insider Activity

In related news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Scott D. Lipesky sold 8,605 shares of the 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 transaction, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock worth $2,631,741 over the last 90 days. Company insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

ANF has been the topic of several recent analyst reports. Raymond James reduced their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the company from $173.00 to $220.00 in a report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Finally, StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

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.