New York State Common Retirement Fund Lowers Stake in Abercrombie & Fitch Co. (NYSE:ANF)

New York State Common Retirement Fund cut its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 52.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,769 shares of the apparel retailer's stock after selling 34,133 shares during the period. New York State Common Retirement Fund owned about 0.06% of Abercrombie & Fitch worth $2,714,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ANF. Raymond James & Associates purchased a new stake in Abercrombie & Fitch in the 3rd quarter worth approximately $1,457,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Abercrombie & Fitch by 32.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,442 shares of the apparel retailer's stock valued at $589,000 after purchasing an additional 2,555 shares during the period. Castleview Partners LLC purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at $44,000. TD Asset Management Inc purchased a new stake in Abercrombie & Fitch in the 3rd quarter worth $564,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Abercrombie & Fitch by 278.9% in 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 in the last quarter.

Abercrombie & Fitch Stock Performance

Shares of ANF stock traded down $0.92 during trading hours on Tuesday, hitting $128.46. The company's stock had a trading volume of 803,347 shares, compared to its average volume of 1,573,132. Abercrombie & Fitch Co. has a 12-month low of $22.21 and a 12-month high of $140.28. The stock has a market cap of $6.56 billion, a PE ratio of 20.98 and a beta of 1.57. The company has a 50 day moving average of $123.67 and a 200 day moving average of $100.86. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the business posted $0.81 EPS. The business's revenue was up 21.1% compared to the same quarter last year. On average, sell-side analysts forecast that Abercrombie & Fitch Co. will post 7.48 EPS for the current fiscal year.

Analysts Set New Price Targets

ANF has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Argus lifted their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $152.00 target price (up previously from $140.00) on shares of Abercrombie & Fitch in a research note on Wednesday, March 6th. UBS Group lifted their price target on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Finally, Morgan Stanley boosted their target price on Abercrombie & Fitch from $103.00 to $112.00 and gave the company an "equal weight" rating in a research report on Monday. Four equities 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $124.00.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the stock in a transaction that occurred on 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 owns 1,014 shares in the company, valued at $127,165.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total transaction of $98,572.26. Following the completion of the transaction, the executive vice president now directly owns 1,014 shares in the company, valued at $127,165.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kerrii B. Anderson sold 3,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $127.33, for a total transaction of $381,990.00. Following the completion of the sale, the director now owns 45,878 shares in the company, valued at approximately $5,841,645.74. The disclosure for this sale can be found here. Insiders sold a total of 558,786 shares of company stock worth $64,340,812 in the last 90 days. Corporate insiders own 3.77% of the company's stock.

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.