Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,778 shares of the apparel retailer’s stock after selling 1,077 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Abercrombie & Fitch were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ANF. FMR LLC lifted its position in shares of Abercrombie & Fitch by 12,439.3% during the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock worth $299,544,000 after purchasing an additional 5,271,516 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Abercrombie & Fitch by 101.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock valued at $119,288,000 after purchasing an additional 681,375 shares during the period. Victory Capital Management Inc. grew its stake in Abercrombie & Fitch by 3,067.6% during the 3rd quarter. Victory Capital Management Inc. now owns 444,547 shares of the apparel retailer’s stock worth $25,059,000 after purchasing an additional 430,513 shares in the last quarter. American Century Companies Inc. increased its holdings in Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock worth $37,434,000 after purchasing an additional 419,781 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in Abercrombie & Fitch in the 4th quarter valued at about $32,897,000.

Analyst Ratings Changes

ANF has been the topic of several analyst reports. UBS Group raised their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $103.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Monday. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Jefferies Financial Group upped their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Argus boosted their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $124.00.

Abercrombie & Fitch Stock Performance

NYSE ANF traded up $0.68 on Monday, reaching $129.44. The stock had a trading volume of 1,089,931 shares, compared to its average volume of 1,581,972. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. The stock has a market cap of $6.61 billion, a P/E ratio of 20.69 and a beta of 1.57. The business’s 50-day moving average price is $123.61 and its 200 day moving average price is $100.38. Abercrombie & Fitch Co. has a 12-month low of $22.21 and a 12-month high of $140.28.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the business earned $0.81 EPS. Abercrombie & Fitch’s quarterly revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts expect that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total transaction of $98,572.26. Following the completion of the transaction, the executive vice president now owns 1,014 shares in the company, valued at approximately $127,165.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the sale, the executive vice president now directly owns 1,014 shares of the company’s stock, valued at approximately $127,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kristin A. Scott sold 120,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $126.15, for a total value of $15,138,000.00. Following the transaction, the insider now directly owns 38,208 shares in the company, valued at approximately $4,819,939.20. The disclosure for this sale can be found here. Insiders have sold 558,786 shares of company stock worth $64,340,812 in the last quarter. Company insiders own 3.77% of the company’s stock.

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.