Lightrock Netherlands B.V. Buys New Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Lightrock Netherlands B.V. purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,440 shares of the apparel retailer’s stock, valued at approximately $8,628,000. Abercrombie & Fitch comprises 3.0% of Lightrock Netherlands B.V.’s holdings, making the stock its 13th biggest holding. Lightrock Netherlands B.V. owned approximately 0.11% of Abercrombie & Fitch at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANF. Wolff Wiese Magana LLC increased its holdings in shares of Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after acquiring an additional 65 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after purchasing an additional 74 shares during the period. Atria Investments Inc increased its holdings in shares of Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after purchasing an additional 80 shares during the last quarter. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the last quarter.

Abercrombie & Fitch Stock Down 1.5 %

ANF stock opened at $113.06 on Tuesday. The company has a market cap of $5.69 billion, a PE ratio of 11.18 and a beta of 1.49. The business has a 50-day simple moving average of $139.02 and a 200 day simple moving average of $143.07. Abercrombie & Fitch Co. has a 52 week low of $108.53 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 EPS. On average, analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ANF shares. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. Morgan Stanley reduced 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. Raymond James lowered their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $182.25.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $880,070.26. Following the completion of the sale, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company’s stock.

About Abercrombie & Fitch

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.