Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,895 shares of the apparel retailer’s stock after acquiring an additional 452 shares during the period. Quadrant Capital Group LLC’s holdings in Abercrombie & Fitch were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $33,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Abercrombie & Fitch by 36.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 220 shares during the period. GAMMA Investing LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $49,000. Daiwa Securities Group Inc. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $62,000. Finally, USA Financial Formulas boosted its position in shares of Abercrombie & Fitch by 1,227.7% during the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 798 shares during the period.

Insider Activity

In related news, Director Kerrii B. Anderson sold 3,000 shares of the business’s 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 sale, the director now owns 45,878 shares of the company’s stock, valued at $5,841,645.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the sale, the executive vice president now owns 1,014 shares of the company’s stock, valued at $127,165.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kerrii B. Anderson sold 3,000 shares of the company’s 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 directly owns 45,878 shares in the company, valued at approximately $5,841,645.74. The disclosure for this sale can be found here. Insiders have sold a total of 558,786 shares of company stock valued at $64,340,812 over the last quarter. Corporate insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ANF. UBS Group raised their price target on shares of Abercrombie & Fitch from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday. Citigroup raised their price target on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $125.00 to $144.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Finally, Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $139.29.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $144.44 on Wednesday. The firm’s fifty day simple moving average is $125.35 and its 200-day simple moving average is $106.60. Abercrombie & Fitch Co. has a twelve month low of $22.21 and a twelve month high of $146.93. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 23.22 and a beta of 1.57.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. Abercrombie & Fitch’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Equities analysts forecast that Abercrombie & Fitch Co. will post 7.59 EPS for the current fiscal year.

Abercrombie & Fitch Company 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.