Retirement Systems of Alabama Increases Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Retirement Systems of Alabama grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 132.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,075 shares of the apparel retailer's stock after acquiring an additional 81,996 shares during the quarter. Retirement Systems of Alabama owned 0.29% of Abercrombie & Fitch worth $21,535,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ANF. Wolff Wiese Magana LLC lifted its holdings in shares of Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer's stock worth $150,000 after purchasing an additional 65 shares during the period. Chartwell Investment Partners LLC lifted its holdings in shares of Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer's stock worth $1,322,000 after purchasing an additional 74 shares during the period. Atria Investments Inc lifted its holdings in shares of Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer's stock worth $219,000 after purchasing an additional 80 shares during the period. UMB Bank n.a. lifted its holdings in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after acquiring an additional 123 shares during the period.

Insider Activity

In other news, COO Scott D. Lipesky sold 8,605 shares of the company's stock in a transaction on Friday, November 29th. The stock was 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 $14,697,070. This represents a 8.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 in the last quarter. Insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

ANF has been the subject of a number of analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and boosted their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. JPMorgan Chase & Co. boosted 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. StockNews.com raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Monday, January 13th. Finally, Morgan Stanley decreased their price target 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $182.25.

Abercrombie & Fitch Stock Down 1.0 %

Shares of Abercrombie & Fitch stock traded down $1.17 on Monday, reaching $113.56. The company's stock had a trading volume of 1,267,238 shares, compared to its average volume of 2,215,847. Abercrombie & Fitch Co. has a 52-week low of $108.53 and a 52-week high of $196.99. The company has a market capitalization of $5.72 billion, a P/E ratio of 11.24 and a beta of 1.49. The stock has a 50-day moving average price of $139.90 and a 200-day moving average price of $143.34.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. Sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

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.