Harel Insurance Investments & Financial Services Ltd. Takes $171,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,141 shares of the apparel retailer’s stock, valued at approximately $171,000.

Several other large investors have also bought and sold shares of ANF. Xponance Inc. raised its position in shares of Abercrombie & Fitch by 7.4% during the 2nd quarter. Xponance Inc. now owns 3,181 shares of the apparel retailer’s stock valued at $566,000 after acquiring an additional 218 shares during the last quarter. AXA S.A. acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth $2,936,000. The Manufacturers Life Insurance Company increased its holdings in Abercrombie & Fitch by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,517 shares of the apparel retailer’s stock valued at $5,071,000 after purchasing an additional 1,761 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in Abercrombie & Fitch by 283.0% in the second quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock valued at $54,045,000 after purchasing an additional 224,555 shares during the last quarter. Finally, Murchinson Ltd. acquired a new position in Abercrombie & Fitch in the second quarter valued at about $1,778,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Trading Down 0.6 %

Shares of NYSE ANF opened at $123.45 on Friday. The company has a fifty day moving average price of $145.60 and a 200 day moving average price of $146.71. The firm has a market cap of $6.22 billion, a PE ratio of 12.21 and a beta of 1.52. Abercrombie & Fitch Co. has a 1-year low of $100.84 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock valued at $2,631,741 in the last ninety days. 2.58% of the stock is currently owned by corporate insiders.

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.