Waratah Capital Advisors Ltd. Lowers Position in Abercrombie & Fitch Company $ANF

Waratah Capital Advisors Ltd. reduced its stake in Abercrombie & Fitch Company (NYSE:ANF) by 95.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,289 shares of the apparel retailer’s stock after selling 97,754 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Abercrombie & Fitch were worth $367,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $278,000. Illinois Municipal Retirement Fund raised its position in Abercrombie & Fitch by 15.9% in the third quarter. Illinois Municipal Retirement Fund now owns 50,588 shares of the apparel retailer’s stock valued at $4,328,000 after purchasing an additional 6,932 shares during the period. Stratos Wealth Advisors LLC lifted its stake in Abercrombie & Fitch by 4.8% during the third quarter. Stratos Wealth Advisors LLC now owns 27,596 shares of the apparel retailer’s stock worth $2,361,000 after purchasing an additional 1,272 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Abercrombie & Fitch during the third quarter worth $984,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Abercrombie & Fitch in the third quarter valued at $446,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Abercrombie & Fitch in a report on Thursday, December 11th. They issued a “buy” rating and a $120.00 price objective on the stock. BTIG Research reiterated a “buy” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price objective on shares of Abercrombie & Fitch from $128.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley upped their target price on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.90.

Insiders Place Their Bets

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 29,769 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $100.00, for a total value of $2,976,900.00. Following the transaction, the chief executive officer directly owned 308,503 shares in the company, valued at $30,850,300. This represents a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 350,000 shares of company stock worth $34,661,358 in the last three months. 2.29% of the stock is owned by insiders.

Abercrombie & Fitch Trading Up 1.0%

Shares of NYSE:ANF opened at $95.95 on Thursday. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $133.11. The company’s 50 day moving average is $107.20 and its two-hundred day moving average is $93.43. The company has a market cap of $4.40 billion, a PE ratio of 9.20 and a beta of 1.19.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $2.50 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.