Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 42.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,466 shares of the apparel retailer's stock after purchasing an additional 4,577 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Abercrombie & Fitch were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP raised its position in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock worth $155,281,000 after acquiring an additional 120,509 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock worth $121,733,000 after buying an additional 60,022 shares during the period. Renaissance Technologies LLC increased its position in Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock worth $153,494,000 after buying an additional 512,700 shares during the period. Fisher Asset Management LLC increased its position in Abercrombie & Fitch by 3.0% during the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer's stock worth $79,719,000 after buying an additional 16,754 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Abercrombie & Fitch during the third quarter worth approximately $73,048,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ANF shares. 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. Citigroup raised 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. JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Morgan Stanley boosted their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.14.

Abercrombie & Fitch Price Performance

ANF traded up $3.48 during trading on Wednesday, reaching $158.45. 726,189 shares of the stock were exchanged, compared to its average volume of 1,698,395. The business's 50 day moving average price is $144.57 and its two-hundred day moving average price is $154.13. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 15.33 and a beta of 1.52. Abercrombie & Fitch Co. has a 1 year low of $75.69 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. The company 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%. Abercrombie & Fitch's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. On average, analysts anticipate that Abercrombie & Fitch Co. will post 10.52 EPS for the current year.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 owns 22,059 shares of the company's stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,072 shares of company stock worth $5,161,597. 2.58% of the stock is owned by corporate insiders.

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.