Abercrombie & Fitch Co. (NYSE:ANF) Stake Lowered by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,121 shares of the apparel retailer's stock after selling 9,463 shares during the period. Federated Hermes Inc. owned about 0.52% of Abercrombie & Fitch worth $22,948,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP grew its holdings in Abercrombie & Fitch by 355.9% in the third quarter. Trexquant Investment LP now owns 195,866 shares of the apparel retailer's stock valued at $11,041,000 after purchasing an additional 152,907 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Abercrombie & Fitch in the third quarter worth approximately $777,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Abercrombie & Fitch by 39.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 153,229 shares of the apparel retailer's stock worth $8,638,000 after acquiring an additional 43,310 shares during the last quarter. Teza Capital Management LLC purchased a new position in Abercrombie & Fitch during the third quarter worth approximately $598,000. Finally, Jupiter Asset Management Ltd. purchased a new position in Abercrombie & Fitch during the third quarter worth approximately $782,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. Argus lifted their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Telsey Advisory Group restated an "outperform" rating and issued a $152.00 target price (up previously from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. StockNews.com upgraded Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Finally, Citigroup lifted their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a "neutral" rating in a research report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $122.71.

Insider Buying and Selling

In related news, CFO Scott D. Lipesky sold 35,000 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the completion of the transaction, the chief financial officer now directly owns 88,558 shares of the company's stock, valued at approximately $11,330,996.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Scott D. Lipesky sold 35,000 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the completion of the transaction, the chief financial officer now directly owns 88,558 shares of the company's stock, valued at approximately $11,330,996.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jay Rust sold 786 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the transaction, the executive vice president now directly owns 1,014 shares of the company's stock, valued at $127,165.74. The disclosure for this sale can be found here. Insiders sold 158,786 shares of company stock valued at $20,096,812 in the last three months. 3.77% of the stock is owned by corporate insiders.

Abercrombie & Fitch Trading Up 4.1 %

Shares of NYSE ANF traded up $4.48 during trading on Monday, reaching $114.84. The stock had a trading volume of 1,216,726 shares, compared to its average volume of 1,645,611. 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 debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. The business's 50-day moving average price is $123.25 and its 200-day moving average price is $96.08. The company has a market cap of $5.86 billion, a P/E ratio of 17.74 and a beta of 1.58.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share 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 business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The company's revenue was up 21.1% on a year-over-year basis. On average, equities research analysts predict that Abercrombie & Fitch Co. will post 7.48 EPS for the current fiscal year.

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.