Legal & General Group Plc Has $9.55 Million Holdings in Abercrombie & Fitch Company $ANF

Legal & General Group Plc decreased its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,252 shares of the apparel retailer’s stock after selling 4,484 shares during the quarter. Legal & General Group Plc owned about 0.24% of Abercrombie & Fitch worth $9,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ANF. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Abercrombie & Fitch by 4.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,305 shares of the apparel retailer’s stock worth $1,092,000 after acquiring an additional 585 shares during the period. LPL Financial LLC increased its holdings in Abercrombie & Fitch by 99.3% in the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer’s stock valued at $2,376,000 after purchasing an additional 15,500 shares during the last quarter. Bank of Nova Scotia lifted its stake in Abercrombie & Fitch by 430.8% in the first quarter. Bank of Nova Scotia now owns 9,713 shares of the apparel retailer’s stock valued at $742,000 after buying an additional 7,883 shares during the period. Ruffer LLP acquired a new position in Abercrombie & Fitch in the first quarter valued at about $2,049,000. Finally, Citigroup Inc. boosted its holdings in Abercrombie & Fitch by 51.0% during the first quarter. Citigroup Inc. now owns 100,242 shares of the apparel retailer’s stock worth $7,655,000 after buying an additional 33,850 shares during the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the transaction, the director directly owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.29% of the stock is owned by corporate insiders.

Abercrombie & Fitch Stock Up 4.2%

Shares of ANF stock opened at $101.97 on Tuesday. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $164.80. The firm has a fifty day moving average of $76.38 and a 200-day moving average of $84.25. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 9.65 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating the consensus estimate of $2.14 by $0.22. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 EPS. On average, equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analysts Set New Price Targets

ANF has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, November 25th. Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Barclays increased their target price on shares of Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $107.33.

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.