State Street Corp Sells 31,483 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

State Street Corp decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,919,379 shares of the apparel retailer's stock after selling 31,483 shares during the period. State Street Corp owned 3.76% of Abercrombie & Fitch worth $268,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its stake in shares of Abercrombie & Fitch by 6.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer's stock valued at $150,000 after buying an additional 65 shares in the last quarter. Chartwell Investment Partners LLC increased its stake in shares of Abercrombie & Fitch by 0.8% during the 3rd 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 last quarter. Atria Investments Inc increased its stake in shares of Abercrombie & Fitch by 5.4% during the 3rd 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 last quarter. Sage Rhino Capital LLC raised its holdings in shares of Abercrombie & Fitch by 5.5% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer's stock valued at $301,000 after purchasing an additional 89 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer's stock valued at $583,000 after purchasing an additional 115 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ANF shares. Citigroup upgraded 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. Telsey Advisory Group reissued an "outperform" rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Raymond James initiated coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They set an "outperform" rating and a $180.00 target price for the company. UBS Group lifted their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $178.38.

Insider Activity

In other news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the transaction, the director now directly owns 6,405 shares of the company's stock, valued at approximately $1,024,800. This represents a 30.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 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 trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,401 shares of company stock worth $2,631,741. Company insiders own 2.58% of the company's stock.

Abercrombie & Fitch Stock Down 0.8 %

Abercrombie & Fitch stock traded down $1.05 during mid-day trading on Wednesday, reaching $137.21. The company had a trading volume of 1,823,135 shares, compared to its average volume of 1,709,656. The company has a 50 day moving average of $145.48 and a 200-day moving average of $154.22. Abercrombie & Fitch Co. has a 52 week low of $81.28 and a 52 week high of $196.99. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 13.68 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results 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. The business had revenue of $1.21 billion for 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%. The firm's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $1.83 earnings per share. On average, analysts predict that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current fiscal year.

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.