Cavalier Investments LLC Purchases 432 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Cavalier Investments LLC raised its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,855 shares of the apparel retailer’s stock after acquiring an additional 432 shares during the quarter. Cavalier Investments LLC’s holdings in Abercrombie & Fitch were worth $1,622,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ANF. Westfield Capital Management Co. LP bought a new stake in Abercrombie & Fitch during the third quarter valued at $73,048,000. Wellington Management Group LLP boosted its position in Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after acquiring an additional 204,901 shares during the last quarter. Bridgewater Associates LP boosted its position in Abercrombie & Fitch by 561.7% during the third quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer’s stock valued at $17,564,000 after acquiring an additional 106,577 shares during the last quarter. Fred Alger Management LLC bought a new stake in Abercrombie & Fitch during the third quarter valued at $11,852,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Abercrombie & Fitch during the fourth quarter valued at $12,406,000.

Abercrombie & Fitch Price Performance

ANF opened at $101.01 on Wednesday. Abercrombie & Fitch Co. has a fifty-two week low of $99.12 and a fifty-two week high of $196.99. The firm has a market capitalization of $5.09 billion, a PE ratio of 9.99 and a beta of 1.49. The company’s 50-day moving average is $130.21 and its 200 day moving average is $140.32.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Wall Street Analyst Weigh In

ANF has been the topic of a number of research analyst reports. StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price objective for the company from $173.00 to $220.00 in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Finally, Raymond James dropped their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $182.25.

Insider Buying and Selling

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now owns 97,850 shares in the company, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The shares were 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 owns 6,405 shares of the company’s stock, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock worth $2,631,741 in the last quarter. 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.