Navellier & Associates Inc. Increases Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Navellier & Associates Inc. boosted its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 18.0% in the fourth quarter, Holdings Channel reports. The fund owned 52,294 shares of the apparel retailer’s stock after buying an additional 7,992 shares during the quarter. Abercrombie & Fitch makes up about 0.9% of Navellier & Associates Inc.’s holdings, making the stock its 22nd biggest holding. Navellier & Associates Inc.’s holdings in Abercrombie & Fitch were worth $7,816,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ANF. Creative Planning grew its holdings in Abercrombie & Fitch by 5.9% during the 3rd quarter. Creative Planning now owns 30,284 shares of the apparel retailer’s stock valued at $4,237,000 after purchasing an additional 1,693 shares in the last quarter. Raymond James & Associates grew its stake in Abercrombie & Fitch by 85.6% during the 3rd quarter. Raymond James & Associates now owns 19,559 shares of the apparel retailer’s stock valued at $2,736,000 after purchasing an additional 9,022 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Abercrombie & Fitch by 2,944.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,597 shares of the apparel retailer’s stock worth $2,462,000 after purchasing an additional 17,019 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Abercrombie & Fitch by 10.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,963 shares of the apparel retailer’s stock valued at $694,000 after purchasing an additional 467 shares in the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Abercrombie & Fitch during the third quarter worth approximately $3,386,000.

Analyst Ratings Changes

Several research firms recently issued reports on ANF. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group upgraded shares of 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 note on Friday, January 10th. Morgan Stanley decreased 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 cut their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Trading Down 2.7 %

NYSE:ANF opened at $100.32 on Friday. The stock has a 50 day moving average of $132.14 and a 200-day moving average of $140.83. The firm has a market capitalization of $5.05 billion, a PE ratio of 9.92 and a beta of 1.49. Abercrombie & Fitch Co. has a 52 week low of $99.51 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 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. As a group, analysts predict that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was 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 directly owns 22,059 shares of the company’s stock, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 in the last quarter. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Company Profile

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.