Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP grew its position in Abercrombie & Fitch Co. (NYSE:ANF) by 18.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 278,221 shares of the apparel retailer’s stock after acquiring an additional 43,117 shares during the period. Abercrombie & Fitch comprises approximately 1.0% of Systematic Financial Management LP’s investment portfolio, making the stock its 20th biggest position. Systematic Financial Management LP owned approximately 0.54% of Abercrombie & Fitch worth $38,923,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Marshall Wace LLP raised its position in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Abercrombie & Fitch by 7.4% during 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. Renaissance Technologies LLC raised its position in shares of Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after purchasing an additional 512,700 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Abercrombie & Fitch by 3.0% during 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 acquired a new position in shares of Abercrombie & Fitch during the 3rd quarter worth about $73,048,000.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $161.49 on Thursday. The firm’s 50 day moving average price is $144.57 and its 200-day moving average price is $154.13. Abercrombie & Fitch Co. has a one year low of $75.69 and a one year high of $196.99. The firm has a market cap of $8.25 billion, a P/E ratio of 15.33 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $1.83 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts predict that Abercrombie & Fitch Co. will post 10.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Samir Desai sold 5,926 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s 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 transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,572 shares of company stock worth $4,673,767 in the last ninety days. 2.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on ANF shares. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Friday, August 30th. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, UBS Group upped their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average price target of $178.14.

Abercrombie & Fitch Company 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.