Allspring Global Investments Holdings LLC Grows Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Allspring Global Investments Holdings LLC increased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,855 shares of the apparel retailer's stock after purchasing an additional 9,258 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of Abercrombie & Fitch worth $4,027,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC lifted its holdings in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after buying an additional 123 shares in the last quarter. Private Trust Co. NA lifted its holdings in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after buying an additional 272 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock valued at $55,000 after buying an additional 132 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Abercrombie & Fitch by 16.9% during the 3rd quarter. Covestor Ltd now owns 997 shares of the apparel retailer's stock valued at $139,000 after buying an additional 144 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James decreased their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Telsey Advisory Group reiterated an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $173.00 to $220.00 in a report on Friday, January 10th. StockNews.com upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Monday, January 13th. Finally, Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.25.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the business'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 transaction of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares of the company's stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Scott D. Lipesky sold 8,605 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 in the last 90 days. 2.58% of the stock is owned by corporate insiders.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded down $2.83 during trading hours on Friday, hitting $100.32. The company's stock had a trading volume of 1,907,057 shares, compared to its average volume of 2,118,949. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 9.92 and a beta of 1.49. The firm's fifty day moving average price is $132.98 and its 200 day moving average price is $141.06. Abercrombie & Fitch Co. has a 52 week low of $99.51 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch's revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS. On average, equities research analysts predict that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.