Fisher Asset Management LLC Has $79.72 Million Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Fisher Asset Management LLC increased its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 569,828 shares of the apparel retailer’s stock after purchasing an additional 16,754 shares during the quarter. Fisher Asset Management LLC’s holdings in Abercrombie & Fitch were worth $79,719,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ANF. Matrix Trust Co acquired a new stake in shares of Abercrombie & Fitch in the second quarter worth $35,000. Farther Finance Advisors LLC lifted its position in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Quarry LP boosted its holdings in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares during the period. CWM LLC grew its position in shares of Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after purchasing an additional 222 shares during the period.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 40.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 over the last three months. Company insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ANF. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 30th. UBS Group raised their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley reduced their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.43.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $154.86 on Tuesday. The firm has a market cap of $7.91 billion, a P/E ratio of 16.40 and a beta of 1.50. The firm’s 50-day simple moving average is $143.13 and its 200-day simple moving average is $153.46. Abercrombie & Fitch Co. has a twelve month low of $72.98 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts forecast that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current fiscal year.

Abercrombie & Fitch Company 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.