Headlands Technologies LLC Invests $79,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Headlands Technologies LLC acquired a new position in Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 895 shares of the apparel retailer’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANF. FMR LLC boosted its holdings in shares of Abercrombie & Fitch by 12,439.3% in the 3rd quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock worth $299,544,000 after purchasing an additional 5,271,516 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Abercrombie & Fitch by 101.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after buying an additional 681,375 shares during the period. Victory Capital Management Inc. lifted its holdings in Abercrombie & Fitch by 3,067.6% in the 3rd quarter. Victory Capital Management Inc. now owns 444,547 shares of the apparel retailer’s stock worth $25,059,000 after buying an additional 430,513 shares during the period. American Century Companies Inc. lifted its holdings in Abercrombie & Fitch by 171.8% in the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock worth $37,434,000 after buying an additional 419,781 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in Abercrombie & Fitch in the 4th quarter worth approximately $32,897,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ANF shares. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Citigroup increased their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Argus increased their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group increased their target price on Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, 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 research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.71.

Insiders Place Their Bets

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of Abercrombie & Fitch stock in a transaction on Friday, March 8th. The stock was sold at an average price of $127.95, for a total value of $4,478,250.00. Following the completion of the sale, the chief financial officer now owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value 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 $58,127,767.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 558,786 shares of company stock valued at $64,340,812. Corporate insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Stock Down 3.1 %

ANF stock opened at $121.55 on Wednesday. Abercrombie & Fitch Co. has a twelve month low of $21.74 and a twelve month high of $140.28. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.20 billion, a PE ratio of 19.54 and a beta of 1.58. The business has a 50 day moving average of $123.25 and a 200 day moving average of $98.64.

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