White Pine Capital LLC Sells 9,744 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

White Pine Capital LLC lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,979 shares of the apparel retailer's stock after selling 9,744 shares during the quarter. White Pine Capital LLC's holdings in Abercrombie & Fitch were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Abercrombie & Fitch in the 4th quarter worth approximately $79,000. Truist Financial Corp bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth approximately $472,000. Stevens Capital Management LP purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth $357,000. Harvest Fund Management Co. Ltd bought a new stake in Abercrombie & Fitch during the 4th quarter valued at $121,000. Finally, Yousif Capital Management LLC boosted its position in Abercrombie & Fitch by 4.3% during the 4th quarter. Yousif Capital Management LLC now owns 25,866 shares of the apparel retailer's stock valued at $2,282,000 after buying an additional 1,071 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ANF. UBS Group upped their price objective on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. Citigroup lifted their price objective on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Morgan Stanley raised their price target 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. Finally, StockNews.com raised 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.71.

Abercrombie & Fitch Stock Up 5.7 %

ANF stock traded up $6.63 during midday trading on Friday, hitting $122.08. The stock had a trading volume of 1,109,869 shares, compared to its average volume of 1,277,302. The business has a 50-day moving average of $123.16 and a two-hundred day moving average of $98.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 19.63 and a beta of 1.58. Abercrombie & Fitch Co. has a 52-week low of $21.74 and a 52-week high of $140.28.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced 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 net margin of 7.67% and a return on equity of 38.80%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The company's quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 owns 88,558 shares in the company, valued at approximately $11,330,996.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Scott D. Lipesky sold 35,000 shares of Abercrombie & Fitch stock in a transaction dated 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 completion of the transaction, the chief financial officer now 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 SEC, which is available through the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 525,520 shares in the company, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,786 shares of company stock worth $64,340,812. Insiders own 3.77% of the company's stock.

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.