Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 1,221,890 shares of the apparel retailer’s stock after acquiring an additional 63,157 shares during the quarter. Geode Capital Management LLC’s holdings in Abercrombie & Fitch were worth $171,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ANF. Farther Finance Advisors LLC lifted its stake in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares during the period. Quarry LP lifted its position in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after purchasing an additional 170 shares during the period. Private Trust Co. NA boosted its holdings in Abercrombie & Fitch by 604.4% in the third 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 last quarter. CWM LLC grew its position in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares during the last quarter.

Insider Activity

In other news, Director Suzanne M. Coulter sold 2,870 shares of the 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 sale, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 over the last quarter. 2.58% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Stock Up 3.7 %

ANF opened at $142.62 on Monday. The firm’s fifty day simple moving average is $145.54 and its two-hundred day simple moving average is $153.70. Abercrombie & Fitch Co. has a 52-week low of $82.60 and a 52-week high of $196.99. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 14.11 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $1.83 EPS. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts forecast that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. UBS Group upped their price objective on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Raymond James initiated coverage on shares of Abercrombie & Fitch in a research report on Friday, December 6th. They set an “outperform” rating and a $180.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $178.38.

Abercrombie & Fitch 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.