Capital Advisory Group Advisory Services LLC Makes New $221,000 Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Capital Advisory Group Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,479 shares of the apparel retailer’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ANF. UMB Bank n.a. grew its stake in 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 buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 worth $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA increased its holdings 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 worth $44,000 after acquiring an additional 272 shares during the period. Fifth Third Bancorp increased its holdings in shares of 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 acquiring an additional 132 shares during the period. Finally, Covestor Ltd lifted its position in Abercrombie & Fitch by 16.9% in the 3rd quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock valued at $139,000 after purchasing an additional 144 shares during the last quarter.

Analyst Ratings Changes

Several research firms have commented on ANF. Raymond James decreased 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 report on Tuesday, January 14th. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Insider Activity

In related news, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the firm’s 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,401 shares of company stock worth $2,631,741. Insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Down 1.9 %

NYSE:ANF opened at $103.07 on Friday. Abercrombie & Fitch Co. has a 52-week low of $102.07 and a 52-week high of $196.99. The firm has a market cap of $5.19 billion, a P/E ratio of 10.20 and a beta of 1.49. The business’s 50-day moving average price is $132.98 and its 200 day moving average price is $141.06.

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

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.