Watershed Asset Management L.L.C. Sells 2,256 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Watershed Asset Management L.L.C. trimmed its position in Abercrombie & Fitch Co. (NYSE:ANF) by 41.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,144 shares of the apparel retailer’s stock after selling 2,256 shares during the period. Watershed Asset Management L.L.C.’s holdings in Abercrombie & Fitch were worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after buying an additional 220 shares during the last quarter. Range Financial Group LLC boosted its position in Abercrombie & Fitch by 2.8% in the 4th quarter. Range Financial Group LLC now owns 11,280 shares of the apparel retailer’s stock valued at $995,000 after buying an additional 302 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Abercrombie & Fitch in the 4th quarter valued at $33,000. Arizona State Retirement System boosted its position in Abercrombie & Fitch by 3.1% in the 3rd quarter. Arizona State Retirement System now owns 14,255 shares of the apparel retailer’s stock valued at $804,000 after buying an additional 430 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Abercrombie & Fitch in the 4th quarter valued at $49,000.

Analyst Upgrades and Downgrades

ANF has been the topic of a number of analyst reports. Citigroup increased their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a research note on Wednesday, March 6th. Morgan Stanley increased their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Jefferies Financial Group increased their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group raised their price objective on Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.71.

Abercrombie & Fitch Trading Up 4.2 %

Abercrombie & Fitch stock traded up $4.82 during mid-day trading on Tuesday, hitting $119.66. 1,034,620 shares of the company’s stock were exchanged, compared to its average volume of 1,637,779. The firm has a market capitalization of $6.11 billion, a P/E ratio of 19.24 and a beta of 1.58. Abercrombie & Fitch Co. has a fifty-two week low of $21.74 and a fifty-two week high of $140.28. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The company’s 50 day simple moving average is $123.30 and its 200-day simple moving average is $96.96.

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

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.95, for a total value of $4,478,250.00. Following the sale, the chief financial officer now owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.95, for a total value of $4,478,250.00. Following the sale, the chief financial officer now owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Insiders have sold 558,786 shares of company stock valued at $64,340,812 in the last 90 days. 3.77% of the stock is currently owned by company insiders.

Abercrombie & Fitch 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.