83,000 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 83,000 shares of the apparel retailer's stock, valued at approximately $12,406,000. Migdal Insurance & Financial Holdings Ltd. owned about 0.16% of Abercrombie & Fitch at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock worth $112,000 after buying an additional 624 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock worth $110,000 after acquiring an additional 222 shares during the period. CWM LLC boosted its position in shares of Abercrombie & Fitch by 292.8% during the 3rd quarter. CWM LLC now owns 2,086 shares of the apparel retailer's stock valued at $292,000 after acquiring an additional 1,555 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Abercrombie & Fitch by 23.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,800 shares of the apparel retailer's stock valued at $1,230,000 after acquiring an additional 1,700 shares during the period. Finally, Ritholtz Wealth Management raised its position in Abercrombie & Fitch by 11.6% in the third quarter. Ritholtz Wealth Management now owns 3,656 shares of the apparel retailer's stock worth $511,000 after purchasing an additional 379 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ANF shares. UBS Group upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and increased their target price for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Morgan Stanley dropped 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. Raymond James reduced their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a report on Friday, December 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $182.25.

Abercrombie & Fitch Stock Down 1.4 %

Shares of NYSE ANF traded down $1.66 during mid-day trading on Monday, reaching $113.07. 1,395,991 shares of the company were exchanged, compared to its average volume of 2,220,120. The stock has a market capitalization of $5.70 billion, a P/E ratio of 11.18 and a beta of 1.49. Abercrombie & Fitch Co. has a twelve month low of $108.53 and a twelve month high of $196.99. The company's 50-day simple moving average is $139.90 and its 200-day simple moving average is $143.34.

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 for the quarter, beating analysts' consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion during 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%. Abercrombie & Fitch's quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, equities research analysts expect that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Insiders Place Their Bets

In related news, COO Scott D. Lipesky sold 8,605 shares of the firm'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 transaction, the chief operating officer now owns 97,850 shares of the company's stock, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares of the company's stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by corporate insiders.

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.