Geode Capital Management LLC Buys 63,157 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Geode Capital Management LLC grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,221,890 shares of the apparel retailer's stock after purchasing an additional 63,157 shares during the period. Geode Capital Management LLC owned approximately 2.39% of Abercrombie & Fitch worth $171,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 123 shares in the last quarter. Quarry LP grew its position in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after purchasing an additional 170 shares in the last quarter. Private Trust Co. NA increased 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 valued at $44,000 after buying an additional 272 shares during the period. CWM LLC lifted 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 buying an additional 376 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in 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 worth $112,000 after buying an additional 624 shares in the last quarter.

Insider Activity at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now directly owns 6,405 shares of the company's stock, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,401 shares of company stock worth $2,631,741. Company insiders own 2.58% of the company's stock.

Analyst Upgrades and Downgrades

ANF has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. UBS Group boosted their target price on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Finally, Citigroup raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.38.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded up $4.23 during trading hours on Monday, hitting $146.85. 2,337,629 shares of the company's stock were exchanged, compared to its average volume of 1,710,119. The company's 50-day moving average price is $145.54 and its 200-day moving average price is $153.70. Abercrombie & Fitch Co. has a 1-year low of $83.50 and a 1-year high of $196.99. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 14.11 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company's quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts expect that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current year.

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.