MML Investors Services LLC Purchases 8,851 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

MML Investors Services LLC raised its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 214.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,971 shares of the apparel retailer's stock after purchasing an additional 8,851 shares during the quarter. MML Investors Services LLC's holdings in Abercrombie & Fitch were worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer's stock worth $142,379,000 after purchasing an additional 204,901 shares during the period. Marshall Wace LLP grew its position in Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock worth $155,281,000 after acquiring an additional 120,509 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Abercrombie & Fitch by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock valued at $121,733,000 after purchasing an additional 60,022 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock valued at $153,494,000 after purchasing an additional 512,700 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Abercrombie & Fitch by 3.0% during the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer's stock valued at $79,719,000 after acquiring an additional 16,754 shares during the last quarter.

Abercrombie & Fitch Trading Up 4.0 %

Shares of ANF traded up $5.89 during trading hours on Tuesday, reaching $152.74. 2,355,823 shares of the stock traded hands, compared to its average volume of 1,712,778. The company has a market cap of $7.69 billion, a P/E ratio of 15.11 and a beta of 1.52. The company's 50-day moving average price is $145.91 and its two-hundred day moving average price is $153.33. Abercrombie & Fitch Co. has a 52-week low of $83.50 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data 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. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The business's quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts forecast that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

Analyst Ratings Changes

ANF has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Jefferies Financial Group upped their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. UBS Group boosted their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Finally, Citigroup raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $178.38.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the sale, the director now owns 6,405 shares of the company's stock, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the company's 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,401 shares of company stock worth $2,631,741. Insiders own 2.58% of the company's stock.

Abercrombie & Fitch Company 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.