Stevens Capital Management LP Acquires Shares of 4,044 Abercrombie & Fitch Co. (NYSE:ANF)

Stevens Capital Management LP purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,044 shares of the apparel retailer’s stock, valued at approximately $357,000.

Other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Abercrombie & Fitch in the 4th quarter valued at approximately $33,000. Castleview Partners LLC purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at $44,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Abercrombie & Fitch by 36.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after purchasing an additional 220 shares during the period. GAMMA Investing LLC bought a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $62,000.

Insider Activity

In related news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was 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 in the company, valued at approximately $58,127,767.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kerrii B. Anderson sold 3,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $127.33, for a total value of $381,990.00. Following the completion of the transaction, the director now owns 45,878 shares of the company’s stock, valued at approximately $5,841,645.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 558,786 shares of company stock worth $64,340,812. 3.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Argus upped their price objective on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Jefferies Financial Group upped their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Morgan Stanley raised their price objective on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Citigroup increased their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average price target of $122.71.

Abercrombie & Fitch Trading Up 5.7 %

Shares of ANF traded up $6.63 during mid-day trading on Friday, reaching $122.08. 1,108,070 shares of the company were exchanged, compared to its average volume of 1,614,633. The stock has a market capitalization of $6.23 billion, a PE ratio of 18.56 and a beta of 1.58. The business has a 50 day simple moving average of $123.14 and a two-hundred day simple moving average of $97.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. Abercrombie & Fitch Co. has a 52 week low of $21.74 and a 52 week high of $140.28.

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

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.