Fisher Asset Management LLC Reduces Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Fisher Asset Management LLC reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,031,827 shares of the apparel retailer's stock after selling 20,316 shares during the period. Fisher Asset Management LLC owned approximately 2.05% of Abercrombie & Fitch worth $91,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Abercrombie & Fitch by 12,439.3% during the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer's stock valued at $299,544,000 after buying an additional 5,271,516 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Abercrombie & Fitch by 101.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer's stock worth $119,288,000 after acquiring an additional 681,375 shares during the period. Victory Capital Management Inc. lifted its position in shares of Abercrombie & Fitch by 3,067.6% during the 3rd quarter. Victory Capital Management Inc. now owns 444,547 shares of the apparel retailer's stock worth $25,059,000 after buying an additional 430,513 shares during the period. American Century Companies Inc. lifted its position in shares of Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer's stock worth $37,434,000 after buying an additional 419,781 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in Abercrombie & Fitch in the 4th quarter valued at $32,897,000.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF traded up $3.86 during trading on Friday, hitting $128.76. 1,177,043 shares of the company were exchanged, compared to its average volume of 1,246,395. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. Abercrombie & Fitch Co. has a 52-week low of $21.74 and a 52-week high of $140.28. The company has a market cap of $6.58 billion, a PE ratio of 20.70 and a beta of 1.57. The stock has a 50 day moving average of $123.61 and a 200 day moving average of $99.86.

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

Insider Activity

In related news, CFO Scott D. Lipesky sold 35,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the completion of the transaction, the chief financial officer now directly owns 88,558 shares in the company, valued at approximately $11,330,996.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the business's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the sale, the chief executive officer now owns 525,520 shares in the company, valued at approximately $58,127,767.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 35,000 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the sale, the chief financial officer now owns 88,558 shares in the company, valued at $11,330,996.10. 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.

Analyst Ratings Changes

Several research firms have weighed in on ANF. Citigroup lifted their target price 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 reaffirmed an "outperform" rating and issued a $152.00 price objective (up from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. UBS Group lifted their price target on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. StockNews.com upgraded Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group boosted their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.71.

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.