Louisiana State Employees Retirement System Invests $2.22 Million in Abercrombie & Fitch Co. (NYSE:ANF)

Louisiana State Employees Retirement System acquired a new stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,200 shares of the apparel retailer's stock, valued at approximately $2,223,000.

Several other institutional investors have also modified their holdings of ANF. Quarry LP acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at about $29,000. Advisory Services Network LLC lifted its stake in Abercrombie & Fitch by 985.0% during the first quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer's stock valued at $30,000 after purchasing an additional 985 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Abercrombie & Fitch during the third quarter valued at approximately $31,000. McGlone Suttner Wealth Management Inc. bought a new stake in Abercrombie & Fitch during the fourth quarter worth approximately $33,000. Finally, Castleview Partners LLC acquired a new position in Abercrombie & Fitch in the third quarter worth approximately $44,000.

Wall Street Analyst Weigh In

ANF has been the subject of several research reports. 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 research note on Thursday, March 7th. Citigroup boosted their price objective on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $152.00 target price (up from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. UBS Group lifted their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Finally, StockNews.com upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $122.71.

Insider Buying and Selling

In other Abercrombie & Fitch news, insider Kristin A. Scott sold 120,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $126.15, for a total value of $15,138,000.00. Following the completion of the sale, the insider now directly owns 38,208 shares of the company's stock, valued at $4,819,939.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kristin A. Scott sold 120,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $126.15, for a total value of $15,138,000.00. Following the transaction, the insider now directly owns 38,208 shares of the company's stock, valued at approximately $4,819,939.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott D. Lipesky sold 35,000 shares of the company's stock in a transaction that occurred on 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 directly owns 88,558 shares of the company's stock, valued at approximately $11,330,996.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,786 shares of company stock worth $20,096,812. Insiders own 3.77% of the company's stock.

Abercrombie & Fitch Stock Down 2.1 %

Shares of NYSE:ANF traded down $2.38 during trading on Wednesday, reaching $113.51. 1,171,171 shares of the company traded hands, compared to its average volume of 1,659,135. The firm has a fifty day simple moving average of $123.21 and a 200 day simple moving average of $95.06. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. Abercrombie & Fitch Co. has a 1-year low of $21.74 and a 1-year high of $140.28. The firm has a market cap of $5.79 billion, a P/E ratio of 18.25 and a beta of 1.58.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business's quarterly revenue was up 21.1% compared to the same quarter last year. Analysts anticipate that Abercrombie & Fitch Co. will post 7.48 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.