Harbor Capital Advisors Inc. Has $6.09 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Harbor Capital Advisors Inc. grew its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 58.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,721 shares of the apparel retailer's stock after acquiring an additional 14,968 shares during the period. Harbor Capital Advisors Inc. owned about 0.08% of Abercrombie & Fitch worth $6,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Diversified Trust Co boosted its position in shares of Abercrombie & Fitch by 15.9% in the fourth quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer's stock worth $1,223,000 after buying an additional 1,122 shares during the period. Nordea Investment Management AB grew its stake in Abercrombie & Fitch by 17.5% during the 4th quarter. Nordea Investment Management AB now owns 26,756 shares of the apparel retailer's stock valued at $4,024,000 after acquiring an additional 3,978 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $212,000. GAMMA Investing LLC lifted its position in shares of Abercrombie & Fitch by 34.0% in the fourth quarter. GAMMA Investing LLC now owns 1,056 shares of the apparel retailer's stock worth $158,000 after purchasing an additional 268 shares in the last quarter. Finally, DGS Capital Management LLC purchased a new position in Abercrombie & Fitch during the third quarter valued at approximately $211,000.

Abercrombie & Fitch Trading Up 6.5 %

Abercrombie & Fitch stock traded up $9.92 during trading hours on Friday, reaching $161.54. 2,423,574 shares of the company were exchanged, compared to its average volume of 1,623,377. Abercrombie & Fitch Co. has a 12 month low of $95.47 and a 12 month high of $196.99. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 15.98 and a beta of 1.52. The stock has a 50-day moving average of $147.99 and a 200 day moving average of $150.15.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results 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 business had revenue of $1.21 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ANF shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Raymond James started coverage on Abercrombie & Fitch in a report on Friday, December 6th. They set an "outperform" rating and a $180.00 price target for the company. Finally, UBS Group raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and boosted their price target for the company from $173.00 to $220.00 in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $185.38.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,401 shares of company stock worth $2,631,741. Company insiders own 2.58% of the company's stock.

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.