Raymond James & Associates Has $803,000 Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Raymond James & Associates decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,098 shares of the apparel retailer's stock after selling 16,746 shares during the quarter. Raymond James & Associates' holdings in Abercrombie & Fitch were worth $803,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Castleview Partners LLC acquired a new position in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $44,000. Nomura Asset Management Co. Ltd. raised its position in shares of Abercrombie & Fitch by 36.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer's stock worth $46,000 after purchasing an additional 220 shares during the last quarter. Signaturefd LLC raised its position in shares of Abercrombie & Fitch by 1,500.9% during the 3rd quarter. Signaturefd LLC now owns 1,713 shares of the apparel retailer's stock worth $97,000 after purchasing an additional 1,606 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Abercrombie & Fitch by 278.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,455 shares of the apparel retailer's stock worth $138,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Vinva Investment Management Ltd acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at $144,000.

Abercrombie & Fitch Stock Up 4.2 %

Abercrombie & Fitch stock traded up $4.82 during trading on Tuesday, reaching $119.66. 1,034,620 shares of the company's stock were exchanged, compared to its average volume of 1,637,779. The company's 50-day moving average is $123.30 and its two-hundred day moving average is $96.96. 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. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 19.24 and a beta of 1.58.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.83 by $0.14. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The firm's revenue was up 21.1% on a year-over-year basis. During the same period 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 year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, insider Kristin A. Scott sold 120,000 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 38,208 shares of the company's stock, valued at approximately $4,819,939.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Kristin A. Scott sold 120,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the transaction, the insider now owns 38,208 shares of the company's stock, valued at $4,819,939.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jay Rust sold 786 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total transaction of $98,572.26. Following the transaction, the executive vice president now directly owns 1,014 shares in the company, valued at approximately $127,165.74. The disclosure for this sale can be found here. Insiders sold a total of 558,786 shares of company stock valued at $64,340,812 in the last ninety days. Insiders own 3.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ANF shares. Argus boosted their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Citigroup boosted their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $152.00 price target (up from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. Morgan Stanley boosted their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an "equal weight" rating in a report on Thursday, March 7th. Finally, UBS Group upped their price objective on Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.71.

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.