State of New Jersey Common Pension Fund D Lowers Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

State of New Jersey Common Pension Fund D lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,527 shares of the apparel retailer’s stock after selling 465 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Abercrombie & Fitch were worth $2,919,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC lifted its position in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA lifted its position in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 272 shares during the last quarter. Fifth Third Bancorp lifted its position in Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares during the last quarter. Finally, Covestor Ltd lifted its position in Abercrombie & Fitch by 16.9% during the third quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock valued at $139,000 after acquiring an additional 144 shares during the last quarter.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $103.07 on Friday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 10.20 and a beta of 1.49. The company’s fifty day moving average is $132.98 and its two-hundred day moving average is $141.06. Abercrombie & Fitch Co. has a 1 year low of $102.07 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS 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 analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 EPS. Sell-side analysts predict that Abercrombie & Fitch Co. will post 10.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James decreased their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price 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. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. Morgan Stanley cut their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. Finally, UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the company from $173.00 to $220.00 in a research note on Friday, January 10th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the transaction, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 in the last three months. Company insiders own 2.58% of the company’s stock.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.