Parkside Financial Bank & Trust Takes $69,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Parkside Financial Bank & Trust bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, Holdings Channel.com reports. The firm bought 464 shares of the apparel retailer’s stock, valued at approximately $69,000.

A number of other hedge funds have also modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock valued at $171,815,000 after buying an additional 63,157 shares during the last quarter. Wellington Management Group LLP increased its position in Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after purchasing an additional 204,901 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Abercrombie & Fitch by 7.4% during the third 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 increased its position in Abercrombie & Fitch by 3.0% during the third 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, Allianz Asset Management GmbH increased its position in Abercrombie & Fitch by 0.8% during the fourth quarter. Allianz Asset Management GmbH now owns 533,853 shares of the apparel retailer’s stock worth $79,795,000 after purchasing an additional 4,019 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ANF. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, Raymond James decreased their price target 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Price Performance

ANF opened at $102.94 on Monday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 10.18 and a beta of 1.49. Abercrombie & Fitch Co. has a 12 month low of $99.12 and a 12 month high of $196.99. The business has a 50-day moving average of $127.32 and a two-hundred day moving average of $139.24.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now directly owns 6,405 shares in the company, valued at $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

About Abercrombie & Fitch

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.