Wellington Management Group LLP Purchases New Position in Abercrombie & Fitch Co. (NYSE:ANF)

Wellington Management Group LLP acquired a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 48,291 shares of the apparel retailer’s stock, valued at approximately $2,722,000. Wellington Management Group LLP owned about 0.10% of Abercrombie & Fitch at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ANF. FMR LLC lifted its stake in shares of Abercrombie & Fitch by 12,439.3% in the 3rd quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after purchasing an additional 5,271,516 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 172.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,843,459 shares of the apparel retailer’s stock worth $42,234,000 after buying an additional 1,165,872 shares during the period. Candlestick Capital Management LP raised its holdings in shares of Abercrombie & Fitch by 76.9% in the second quarter. Candlestick Capital Management LP now owns 1,563,618 shares of the apparel retailer’s stock worth $58,917,000 after buying an additional 679,544 shares during the period. Millennium Management LLC raised its holdings in shares of Abercrombie & Fitch by 149.9% in the second quarter. Millennium Management LLC now owns 1,121,848 shares of the apparel retailer’s stock worth $18,982,000 after buying an additional 672,933 shares during the period. Finally, Balyasny Asset Management LLC raised its holdings in shares of Abercrombie & Fitch by 48.4% in the third quarter. Balyasny Asset Management LLC now owns 1,811,477 shares of the apparel retailer’s stock worth $28,168,000 after buying an additional 590,747 shares during the period.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock opened at $121.37 on Thursday. The business has a 50 day simple moving average of $118.17 and a two-hundred day simple moving average of $87.88. Abercrombie & Fitch Co. has a 12 month low of $21.74 and a 12 month high of $140.28. The stock has a market capitalization of $6.12 billion, a P/E ratio of 19.51 and a beta of 1.59. 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 (NYSE:ANF) 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 return on equity of 38.80% and a net margin of 7.67%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s revenue was up 21.1% compared to the same quarter last year. As a group, analysts predict that Abercrombie & Fitch Co. will post 7.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ANF. Jefferies Financial Group increased their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. 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. Citigroup increased their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Morgan Stanley raised their price objective on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Finally, UBS Group raised 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Insider Buying and Selling at Abercrombie & Fitch

In other news, CFO Scott D. Lipesky sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $96.24, for a total value of $4,812,000.00. Following the completion of the sale, the chief financial officer now directly owns 116,987 shares in the company, valued at $11,258,828.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Scott D. Lipesky sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $96.24, for a total value of $4,812,000.00. Following the completion of the sale, the chief financial officer now directly owns 116,987 shares in the company, valued at $11,258,828.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott D. Lipesky sold 35,000 shares of the company’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 sale, the chief financial officer now owns 88,558 shares of the company’s stock, valued at $11,330,996.10. The disclosure for this sale can be found here. Insiders sold 288,786 shares of company stock valued at $32,608,812 over the last quarter. 3.77% of the stock is currently owned by insiders.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.