Empowered Funds LLC Raises Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Empowered Funds LLC increased its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 108.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,115 shares of the apparel retailer’s stock after buying an additional 64,708 shares during the quarter. Empowered Funds LLC owned about 0.25% of Abercrombie & Fitch worth $18,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. purchased a new position in Abercrombie & Fitch during the fourth quarter worth about $212,000. Lmcg Investments LLC lifted its position in Abercrombie & Fitch by 11.2% during the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock worth $3,687,000 after buying an additional 2,479 shares during the period. Mutual of America Capital Management LLC lifted its position in Abercrombie & Fitch by 228.9% during the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock worth $3,864,000 after buying an additional 19,222 shares during the period. Janney Montgomery Scott LLC lifted its position in Abercrombie & Fitch by 96.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer’s stock worth $3,412,000 after buying an additional 11,208 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in Abercrombie & Fitch by 115.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 25,483 shares of the apparel retailer’s stock worth $3,565,000 after buying an additional 13,677 shares during the period.

Insider Buying and Selling

In related news, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at $14,697,070. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the firm’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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Up 0.0 %

NYSE:ANF opened at $114.94 on Friday. The business’s 50 day moving average is $139.90 and its two-hundred day moving average is $143.41. Abercrombie & Fitch Co. has a 52 week low of $104.34 and a 52 week high of $196.99. The company has a market cap of $5.79 billion, a PE ratio of 11.37 and a beta of 1.49.

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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 EPS. As a group, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.