Wedge Capital Management L L P NC Has $55.91 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Wedge Capital Management L L P NC grew its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,061 shares of the apparel retailer's stock after acquiring an additional 11,582 shares during the period. Abercrombie & Fitch comprises about 1.0% of Wedge Capital Management L L P NC's portfolio, making the stock its 24th largest holding. Wedge Capital Management L L P NC owned 0.74% of Abercrombie & Fitch worth $55,911,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ANF. Commonwealth Equity Services LLC acquired a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $428,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Abercrombie & Fitch in the second quarter valued at $786,000. Massachusetts Financial Services Co. MA raised its position in shares of Abercrombie & Fitch by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,766 shares of the apparel retailer's stock valued at $3,160,000 after purchasing an additional 1,634 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Abercrombie & Fitch by 1,365.4% during the 2nd quarter. Hsbc Holdings PLC now owns 34,232 shares of the apparel retailer's stock worth $5,975,000 after buying an additional 31,896 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth about $5,140,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James cut their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday. Morgan Stanley reduced their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a research note on Wednesday. UBS Group upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. StockNews.com raised shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $182.25.

Abercrombie & Fitch Stock Up 1.7 %

Shares of NYSE:ANF traded up $2.23 during midday trading on Friday, hitting $130.34. The stock had a trading volume of 1,940,704 shares, compared to its average volume of 1,460,440. The company's 50-day moving average price is $147.19 and its 200-day moving average price is $148.74. Abercrombie & Fitch Co. has a fifty-two week low of $95.51 and a fifty-two week high of $196.99. The company has a market capitalization of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results 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 firm 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 company earned $1.83 earnings per share. The company's quarterly revenue was up 14.4% on a year-over-year basis. Research analysts expect that Abercrombie & Fitch Co. will post 10.63 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction 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 $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 over the last 90 days. Insiders own 2.58% 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.