57,440 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 57,440 shares of the apparel retailer's stock, valued at approximately $8,628,000. Abercrombie & Fitch makes up about 3.0% of Lightrock Netherlands B.V.'s holdings, making the stock its 13th largest position. Lightrock Netherlands B.V. owned approximately 0.11% of Abercrombie & Fitch as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Savant Capital LLC lifted its stake in shares of Abercrombie & Fitch by 6.9% in the fourth quarter. Savant Capital LLC now owns 3,205 shares of the apparel retailer's stock worth $479,000 after buying an additional 208 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Abercrombie & Fitch by 27.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,163 shares of the apparel retailer's stock worth $622,000 after buying an additional 891 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Abercrombie & Fitch by 87.2% in the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock worth $1,318,000 after buying an additional 4,108 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Abercrombie & Fitch by 108.9% in the fourth quarter. Empowered Funds LLC now owns 124,115 shares of the apparel retailer's stock worth $18,551,000 after buying an additional 64,708 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Abercrombie & Fitch by 123.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,800 shares of the apparel retailer's stock worth $568,000 after buying an additional 2,100 shares in the last quarter.

Abercrombie & Fitch Trading Up 1.6 %

Abercrombie & Fitch stock traded up $1.72 during midday trading on Friday, hitting $111.82. 1,248,876 shares of the stock were exchanged, compared to its average volume of 2,159,705. Abercrombie & Fitch Co. has a fifty-two week low of $106.10 and a fifty-two week high of $196.99. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 11.06 and a beta of 1.49. The stock's 50-day simple moving average is $135.46 and its 200 day simple moving average is $142.03.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating 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 business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the business earned $1.83 earnings per share. The business's revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.64 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch 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 completion of the sale, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the firm's 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 approximately $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 over the last three months. Insiders own 2.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James decreased 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 note on Tuesday, January 14th. UBS Group raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and raised their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Morgan Stanley cut 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 research report on Wednesday, January 15th. StockNews.com upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.25.

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.