16,990 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC acquired a new stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,990 shares of the apparel retailer's stock, valued at approximately $2,539,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Abercrombie & Fitch by 81.5% in the third 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 during the last quarter. Quarry LP raised its holdings in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after acquiring an additional 170 shares during the last quarter. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock worth $112,000 after purchasing an additional 624 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock valued at $110,000 after purchasing an additional 222 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on ANF. Telsey Advisory Group reiterated an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday. Raymond James lowered their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and increased their price target for the company from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, Morgan Stanley lowered their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.25.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares of the company's stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now directly owns 6,405 shares of the company's stock, valued at approximately $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 in the last quarter. Corporate insiders own 2.58% of the company's stock.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded up $2.23 during trading on Friday, reaching $130.34. The company's stock had a trading volume of 1,940,704 shares, compared to its average volume of 1,460,440. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.89 and a beta of 1.52. Abercrombie & Fitch Co. has a 1-year low of $95.51 and a 1-year high of $196.99. The stock's 50-day moving average price is $147.19 and its 200 day moving average price is $148.50.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data 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 return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $1.83 earnings per share. The company's revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.63 EPS for the current fiscal 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.