Rockefeller Capital Management L.P. Makes New $1.74 Million Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Rockefeller Capital Management L.P. bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,469 shares of the apparel retailer's stock, valued at approximately $1,744,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ANF. Farther Finance Advisors LLC lifted its stake in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 123 shares during the period. Private Trust Co. NA lifted its position in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock worth $44,000 after purchasing an additional 272 shares during the period. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer's stock worth $50,000 after purchasing an additional 170 shares during the period. CWM LLC boosted its stake in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock valued at $94,000 after purchasing an additional 376 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock valued at $110,000 after buying an additional 222 shares during the period.

Abercrombie & Fitch Stock Up 0.9 %

Shares of ANF traded up $1.40 during mid-day trading on Friday, reaching $151.35. The company had a trading volume of 1,519,156 shares, compared to its average volume of 1,774,912. The stock has a market capitalization of $7.73 billion, a P/E ratio of 14.97 and a beta of 1.52. Abercrombie & Fitch Co. has a 52-week low of $76.82 and a 52-week high of $196.99. The stock has a 50 day moving average of $145.42 and a two-hundred day moving average of $154.26.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating 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 net margin of 11.16% and a return on equity of 46.50%. The business's revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 EPS. On average, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ANF shares. Morgan Stanley raised their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.38.

Insider Buying and Selling

In other news, COO Scott D. Lipesky sold 8,605 shares of the 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 sale, the chief operating officer now directly owns 97,850 shares in the company, valued at $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Samir Desai sold 5,926 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction 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 represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is owned by corporate insiders.

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.