Harel Insurance Investments & Financial Services Ltd. Invests $171,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,141 shares of the apparel retailer’s stock, valued at approximately $171,000.

Several other hedge funds have also bought and sold shares of the company. Xponance Inc. raised its stake in Abercrombie & Fitch by 7.4% in the second quarter. Xponance Inc. now owns 3,181 shares of the apparel retailer’s stock valued at $566,000 after buying an additional 218 shares during the period. AXA S.A. acquired a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $2,936,000. The Manufacturers Life Insurance Company increased its holdings in shares of Abercrombie & Fitch by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,517 shares of the apparel retailer’s stock worth $5,071,000 after acquiring an additional 1,761 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Abercrombie & Fitch by 283.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock valued at $54,045,000 after acquiring an additional 224,555 shares during the period. Finally, Murchinson Ltd. acquired a new stake in Abercrombie & Fitch during the 2nd quarter valued at $1,778,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ANF shares. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Morgan Stanley cut their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the company from $173.00 to $220.00 in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Finally, Raymond James decreased their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $123.45 on Friday. The stock has a market capitalization of $6.22 billion, a PE ratio of 12.21 and a beta of 1.52. Abercrombie & Fitch Co. has a fifty-two week low of $100.84 and a fifty-two week high of $196.99. The business has a fifty day moving average price of $145.60 and a two-hundred day moving average price of $146.71.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Abercrombie & Fitch’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction 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 sale, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction 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 transaction, the executive vice president now owns 22,059 shares in the company, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,401 shares of company stock worth $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.