Legato Capital Management LLC Makes New $610,000 Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Legato Capital Management LLC bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,080 shares of the apparel retailer's stock, valued at approximately $610,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $212,000. Empirical Finance LLC boosted its holdings in shares of Abercrombie & Fitch by 87.2% during the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock valued at $1,318,000 after acquiring an additional 4,108 shares during the period. Lmcg Investments LLC boosted its holdings in shares of Abercrombie & Fitch by 11.2% during the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock valued at $3,687,000 after acquiring an additional 2,479 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Abercrombie & Fitch by 228.9% during the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer's stock valued at $3,864,000 after acquiring an additional 19,222 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $12,406,000.

Insiders Place Their Bets

In other news, EVP Samir Desai sold 5,926 shares of the company's stock in a transaction dated Friday, November 29th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Scott D. Lipesky sold 8,605 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,401 shares of company stock worth $2,631,741. Company insiders own 2.58% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ANF. 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. Raymond James reduced their price objective 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. 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. UBS Group raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Finally, Morgan Stanley reduced their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus price target of $182.25.

Abercrombie & Fitch Stock Performance

NYSE ANF traded down $2.99 on Tuesday, reaching $109.08. The company's stock had a trading volume of 811,768 shares, compared to its average volume of 2,114,304. Abercrombie & Fitch Co. has a twelve month low of $106.10 and a twelve month high of $196.99. The stock has a market cap of $5.49 billion, a PE ratio of 10.78 and a beta of 1.49. The firm's 50 day moving average is $134.90 and its two-hundred day moving average is $141.75.

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 (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 EPS. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.