Legacy Capital Group California Inc. Sells 171 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Legacy Capital Group California Inc. lessened its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,673 shares of the apparel retailer’s stock after selling 171 shares during the period. Legacy Capital Group California Inc.’s holdings in Abercrombie & Fitch were worth $1,745,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ANF. Geode Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after buying an additional 63,157 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after purchasing an additional 204,901 shares during the period. Charles Schwab Investment Management Inc. grew its position in Abercrombie & Fitch by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after purchasing an additional 60,022 shares during the last quarter. Fisher Asset Management LLC grew its position in Abercrombie & Fitch by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock worth $79,719,000 after purchasing an additional 16,754 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth about $73,048,000.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $103.07 on Friday. The firm has a market capitalization of $5.19 billion, a P/E ratio of 10.20 and a beta of 1.49. The stock has a fifty day moving average price of $132.98 and a two-hundred day moving average price of $141.06. Abercrombie & Fitch Co. has a 52-week low of $102.07 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion during 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%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $1.83 EPS. On average, equities research analysts predict that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ANF shares. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Raymond James lowered their price objective 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. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.25.

Insider Transactions at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares in the company, valued at approximately $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction dated 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 transaction, the director now directly owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company’s stock.

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.