National Bank of Canada FI Trims Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

National Bank of Canada FI decreased its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 94.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207 shares of the apparel retailer's stock after selling 3,704 shares during the period. National Bank of Canada FI's holdings in Abercrombie & Fitch were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in shares of Abercrombie & Fitch by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer's stock valued at $142,379,000 after purchasing an additional 204,901 shares during the last quarter. Stifel Financial Corp purchased a new stake in Abercrombie & Fitch during the third quarter valued at approximately $548,000. Systematic Financial Management LP raised its position in Abercrombie & Fitch by 18.3% in the third quarter. Systematic Financial Management LP now owns 278,221 shares of the apparel retailer's stock worth $38,923,000 after acquiring an additional 43,117 shares during the period. Polar Asset Management Partners Inc. raised its position in Abercrombie & Fitch by 46.4% in the third quarter. Polar Asset Management Partners Inc. now owns 53,300 shares of the apparel retailer's stock worth $7,457,000 after acquiring an additional 16,900 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 3,617 shares of the apparel retailer's stock worth $505,000 after acquiring an additional 157 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group raised their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.38.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the business's stock in a transaction 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 transaction, the director now owns 6,405 shares of the company's stock, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. 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 ninety days. Company insiders own 2.58% of the company's stock.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded up $8.35 during trading hours on Thursday, reaching $153.25. The stock had a trading volume of 1,634,688 shares, compared to its average volume of 1,713,732. The stock has a market capitalization of $7.72 billion, a PE ratio of 15.16 and a beta of 1.52. Abercrombie & Fitch Co. has a 52 week low of $86.91 and a 52 week high of $196.99. The company has a 50 day moving average price of $146.19 and a two-hundred day moving average price of $153.28.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $1.83 EPS. The business's quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that Abercrombie & Fitch Co. will post 10.61 EPS for the current 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.