Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017,720 shares of the apparel retailer's stock after purchasing an additional 204,901 shares during the period. Wellington Management Group LLP owned about 1.99% of Abercrombie & Fitch worth $142,379,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Raymond James started coverage on Abercrombie & Fitch in a research note on Friday. They issued an "outperform" rating and a $180.00 target price for the company. Jefferies Financial Group upped their price objective 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. Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their target price 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.38.

Insider Activity

In other news, 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 value of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. This represents a 30.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The stock was 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 owns 22,059 shares of the company's stock, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is currently owned by company insiders.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded down $1.81 during trading on Tuesday, reaching $138.26. 1,625,800 shares of the company's stock were exchanged, compared to its average volume of 1,709,199. The company's 50-day moving average is $145.43 and its two-hundred day moving average is $154.31. Abercrombie & Fitch Co. has a 52-week low of $79.20 and a 52-week high of $196.99. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 13.85 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate 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 company's revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $1.83 EPS. Analysts anticipate that Abercrombie & Fitch Co. will post 10.52 EPS for the current year.

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.