16,990 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 16,990 shares of the apparel retailer’s stock, valued at approximately $2,539,000.

Several other institutional investors also recently bought and sold shares of ANF. Geode Capital Management LLC boosted its stake in shares of Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after acquiring an additional 63,157 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after purchasing an additional 204,901 shares in the last quarter. Marshall Wace LLP boosted its stake in 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 purchasing an additional 120,509 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Abercrombie & Fitch by 3.0% in the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock valued at $79,719,000 after buying an additional 16,754 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ANF shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Raymond James dropped their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price objective for the company from $173.00 to $220.00 in a report on Friday, January 10th. Finally, Morgan Stanley cut their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.25.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch 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 of the company’s stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is currently owned by company insiders.

Abercrombie & Fitch Trading Up 1.7 %

ANF stock opened at $130.34 on Friday. The business’s fifty day moving average price is $147.19 and its 200 day moving average price is $148.74. Abercrombie & Fitch Co. has a 12-month low of $95.51 and a 12-month high of $196.99. The company has a market capitalization of $6.57 billion, a PE ratio of 12.89 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts predict that Abercrombie & Fitch Co. will post 10.63 EPS for the current fiscal year.

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.