Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by LMG Wealth Partners LLC

LMG Wealth Partners LLC increased its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,381 shares of the apparel retailer’s stock after purchasing an additional 791 shares during the quarter. LMG Wealth Partners LLC’s holdings in Abercrombie & Fitch were worth $1,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ANF. UMB Bank n.a. boosted 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 81.5% during the third 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 boosted its position in shares of 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 during the period. Fifth Third Bancorp increased its stake in Abercrombie & Fitch by 56.2% in 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 in the last quarter. Finally, Covestor Ltd increased its position in shares of Abercrombie & Fitch by 16.9% in the third quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock worth $139,000 after acquiring an additional 144 shares in the last quarter.

Insider Activity

In related news, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at $14,697,070. The trade was a 8.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the company’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 completion of the sale, the director now owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,401 shares of company stock worth $2,631,741. Corporate insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of research analyst reports. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Raymond James reduced their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Morgan Stanley decreased their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Two research 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 an average rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Price Performance

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

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

Abercrombie & Fitch 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.