Zweig DiMenna Associates LLC Boosts Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Zweig DiMenna Associates LLC lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,400 shares of the apparel retailer's stock after acquiring an additional 24,200 shares during the quarter. Zweig DiMenna Associates LLC owned 0.10% of Abercrombie & Fitch worth $7,234,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ANF. Wolff Wiese Magana LLC increased its stake in Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer's stock valued at $150,000 after acquiring an additional 65 shares during the period. Chartwell Investment Partners LLC lifted its holdings in 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 buying an additional 74 shares in the last quarter. Atria Investments Inc raised its position 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 valued at $219,000 after acquiring an additional 80 shares during the last quarter. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after buying an additional 123 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. 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, January 14th. UBS Group raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $173.00 to $220.00 in a research note on Friday, January 10th. Finally, Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and a consensus price target of $182.25.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded down $0.70 during trading hours on Friday, reaching $123.45. The company's stock had a trading volume of 1,730,233 shares, compared to its average volume of 2,551,929. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 12.21 and a beta of 1.52. The firm has a 50-day simple moving average of $146.03 and a 200-day simple moving average of $147.31. Abercrombie & Fitch Co. has a 1 year low of $100.84 and a 1 year high of $196.99.

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, beating analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion for 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 quarter in the previous year, the firm posted $1.83 EPS. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 8,605 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by company insiders.

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.