Vestcor Inc Acquires 12,700 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Vestcor Inc lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 34.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,886 shares of the apparel retailer's stock after buying an additional 12,700 shares during the period. Vestcor Inc owned about 0.10% of Abercrombie & Fitch worth $6,979,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA raised its stake in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after acquiring an additional 272 shares during the last quarter. Quarry LP raised its stake in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after acquiring an additional 170 shares during the last quarter. CWM LLC raised its stake in shares of Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock valued at $94,000 after acquiring an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock valued at $110,000 after acquiring an additional 222 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ANF shares. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Citigroup raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a report on Friday, August 30th. Raymond James assumed coverage on shares of Abercrombie & Fitch in a report on Friday. They set an "outperform" rating and a $180.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.38.

Abercrombie & Fitch Stock Down 1.3 %

Shares of ANF traded down $1.78 during trading hours on Tuesday, reaching $138.29. The stock had a trading volume of 1,625,821 shares, compared to its average volume of 1,709,199. The company has a market cap of $7.06 billion, a P/E ratio of 13.68 and a beta of 1.52. Abercrombie & Fitch Co. has a 52 week low of $79.20 and a 52 week high of $196.99. The firm has a 50-day moving average of $145.48 and a 200 day moving average of $154.22.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.83 EPS. As a group, equities analysts expect that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now directly owns 22,059 shares of the company's stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 in the last three months. Insiders own 2.58% of the company's stock.

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.