Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 96.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,827 shares of the apparel retailer's stock after buying an additional 11,208 shares during the period. Janney Montgomery Scott LLC's holdings in Abercrombie & Fitch were worth $3,412,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at approximately $212,000. Lmcg Investments LLC lifted its position in Abercrombie & Fitch by 11.2% during the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock worth $3,687,000 after acquiring an additional 2,479 shares during the period. Mutual of America Capital Management LLC increased its stake in Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer's stock valued at $3,864,000 after buying an additional 19,222 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Abercrombie & Fitch by 115.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 25,483 shares of the apparel retailer's stock worth $3,565,000 after acquiring an additional 13,677 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Abercrombie & Fitch by 17.5% during the fourth quarter. Nordea Investment Management AB now owns 26,756 shares of the apparel retailer's stock worth $4,024,000 after purchasing an additional 3,978 shares in the last quarter.

Insider Activity at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the company's stock in a transaction on 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 in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the firm'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 completion of the transaction, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ANF shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Morgan Stanley dropped their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of 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 cut their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Finally, UBS Group raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $182.25.

Abercrombie & Fitch Trading Down 3.2 %

Shares of Abercrombie & Fitch stock traded down $3.86 during mid-day trading on Monday, hitting $115.52. 1,659,148 shares of the stock were exchanged, compared to its average volume of 2,341,124. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 11.46 and a beta of 1.49. Abercrombie & Fitch Co. has a twelve month low of $101.59 and a twelve month high of $196.99. The company has a 50-day simple moving average of $143.39 and a 200 day simple moving average of $144.86.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $1.83 earnings per share. Abercrombie & Fitch's revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

About Abercrombie & Fitch

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.