Caisse DE Depot ET Placement DU Quebec Takes $4.07 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,120 shares of the apparel retailer's stock, valued at approximately $4,074,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Abercrombie & Fitch at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch in the second quarter valued at about $35,000. Farther Finance Advisors LLC lifted its position in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock worth $50,000 after purchasing an additional 170 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after purchasing an additional 272 shares during the last quarter. Finally, CWM LLC raised its position in Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer's stock worth $94,000 after purchasing an additional 376 shares during the last quarter.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded down $2.34 during trading hours on Tuesday, hitting $154.97. The stock had a trading volume of 1,614,143 shares, compared to its average volume of 1,754,712. Abercrombie & Fitch Co. has a one year low of $75.69 and a one year high of $196.99. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 15.33 and a beta of 1.52. The business's 50 day moving average is $144.31 and its 200-day moving average is $154.02.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $1.83 earnings per share. Abercrombie & Fitch's revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ANF shares. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Telsey Advisory Group reissued an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Friday, August 30th. Finally, Morgan Stanley lifted their target price on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.14.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company's stock, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, the director now directly owns 37,470 shares of the company's stock, valued at approximately $5,222,568.60. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,072 shares of company stock valued at $5,161,597. 2.58% of the stock is currently owned by corporate insiders.

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.