Empowered Funds LLC Buys 64,708 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Empowered Funds LLC increased its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 108.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,115 shares of the apparel retailer's stock after buying an additional 64,708 shares during the period. Empowered Funds LLC owned 0.25% of Abercrombie & Fitch worth $18,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ANF. UMB Bank n.a. lifted its stake in shares of Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares during the last quarter. Farther Finance Advisors LLC grew 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 worth $38,000 after acquiring an additional 123 shares during the period. Private Trust Co. NA grew its stake in shares of Abercrombie & Fitch by 604.4% in 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 during the period. Fifth Third Bancorp grew its stake in shares of Abercrombie & Fitch by 56.2% in 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 during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock valued at $112,000 after buying an additional 624 shares during the period.

Abercrombie & Fitch Trading Down 0.6 %

NYSE:ANF traded down $0.66 during trading hours on Wednesday, reaching $108.76. 1,725,152 shares of the company were exchanged, compared to its average volume of 2,215,293. The stock's 50-day moving average is $138.10 and its 200-day moving average is $142.76. The firm has a market cap of $5.48 billion, a PE ratio of 10.76 and a beta of 1.49. Abercrombie & Fitch Co. has a twelve month low of $106.10 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. As a group, research analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insider Activity

In related news, Director Suzanne M. Coulter sold 2,870 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 represents a 30.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the company'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 value of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ANF shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Finally, Raymond James cut their price objective on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus target price of $182.25.

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.