Sumitomo Mitsui Trust Holdings Inc. Takes $556,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,300 shares of the apparel retailer’s stock, valued at approximately $556,000.

Several other large investors have also recently added to or reduced their stakes in ANF. Nomura Asset Management Co. Ltd. grew its stake in shares of Abercrombie & Fitch by 36.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after acquiring an additional 220 shares in the last quarter. Range Financial Group LLC lifted its position in shares of Abercrombie & Fitch by 2.8% during the fourth quarter. Range Financial Group LLC now owns 11,280 shares of the apparel retailer’s stock worth $995,000 after purchasing an additional 302 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the fourth quarter worth about $33,000. Arizona State Retirement System lifted its position in shares of Abercrombie & Fitch by 3.1% during the third quarter. Arizona State Retirement System now owns 14,255 shares of the apparel retailer’s stock worth $804,000 after purchasing an additional 430 shares during the last quarter. Finally, Castleview Partners LLC bought a new position in Abercrombie & Fitch in the third quarter worth about $44,000.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $115.43 on Friday. Abercrombie & Fitch Co. has a 12 month low of $21.74 and a 12 month high of $140.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. The firm has a market capitalization of $5.89 billion, a PE ratio of 18.56 and a beta of 1.58. The company’s 50 day simple moving average is $123.14 and its 200 day simple moving average is $97.22.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $0.81 earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 7.48 EPS for the current fiscal year.

Analyst Ratings Changes

ANF has been the topic of a number of recent research reports. Citigroup raised their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $152.00 target price (up previously from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. UBS Group raised their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Argus raised their target price on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley lifted their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.71.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, insider Kristin A. Scott sold 120,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $126.15, for a total value of $15,138,000.00. Following the transaction, the insider now owns 38,208 shares in the company, valued at $4,819,939.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Abercrombie & Fitch news, insider Kristin A. Scott sold 120,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $126.15, for a total value of $15,138,000.00. Following the transaction, the insider now owns 38,208 shares in the company, valued at $4,819,939.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares in the company, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Insiders have sold 558,786 shares of company stock worth $64,340,812 over the last quarter. 3.77% of the stock is currently owned by company insiders.

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.