Jennison Associates LLC Invests $844,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Jennison Associates LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,646 shares of the apparel retailer's stock, valued at approximately $844,000.

Several other hedge funds also recently modified their holdings of ANF. Highland Capital Management LLC grew its holdings in Abercrombie & Fitch by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 2,694 shares of the apparel retailer's stock worth $403,000 after purchasing an additional 169 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Abercrombie & Fitch by 5.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 92,724 shares of the apparel retailer's stock valued at $13,859,000 after buying an additional 4,433 shares during the period. Bay Rivers Group bought a new stake in Abercrombie & Fitch in the 4th quarter valued at about $240,000. Foundations Investment Advisors LLC acquired a new position in Abercrombie & Fitch during the 4th quarter worth approximately $206,000. Finally, Pacer Advisors Inc. boosted its holdings in Abercrombie & Fitch by 33.3% in the fourth quarter. Pacer Advisors Inc. now owns 15,751 shares of the apparel retailer's stock worth $2,354,000 after acquiring an additional 3,934 shares in the last quarter.

Abercrombie & Fitch Stock Down 1.5 %

Abercrombie & Fitch stock traded down $1.68 during midday trading on Monday, hitting $113.06. 1,962,758 shares of the stock were exchanged, compared to its average volume of 2,243,664. Abercrombie & Fitch Co. has a 52-week low of $108.53 and a 52-week high of $196.99. The business's 50-day moving average price is $139.02 and its 200-day moving average price is $143.07. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 11.18 and a beta of 1.49.

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 for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 EPS. On average, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ANF shares. Morgan Stanley decreased their price objective on 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 stock an "overweight" rating in a report on Friday, December 20th. StockNews.com raised shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Telsey Advisory Group reissued an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Finally, Raymond James dropped 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, January 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and a consensus price target of $182.25.

Insider Buying and Selling at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares of the company's stock, valued at $14,697,070. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 sale, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock worth $2,631,741 in the last quarter. 2.58% of the stock is currently owned by company insiders.

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.