MassMutual Private Wealth & Trust FSB Boosts Position in Abercrombie & Fitch Co. (NYSE:ANF)

MassMutual Private Wealth & Trust FSB grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,187 shares of the apparel retailer’s stock after acquiring an additional 3,194 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Abercrombie & Fitch were worth $1,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANF. Hsbc Holdings PLC grew its position in Abercrombie & Fitch by 1,365.4% during the 2nd quarter. Hsbc Holdings PLC now owns 34,232 shares of the apparel retailer’s stock worth $5,975,000 after purchasing an additional 31,896 shares during the period. Edge Capital Group LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth about $227,000. Public Sector Pension Investment Board raised its position in Abercrombie & Fitch by 8.8% during the second quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock valued at $19,986,000 after acquiring an additional 9,061 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Abercrombie & Fitch by 8.4% in the second quarter. Evergreen Capital Management LLC now owns 5,627 shares of the apparel retailer’s stock valued at $1,001,000 after acquiring an additional 438 shares during the period. Finally, Bank of Montreal Can boosted its position in Abercrombie & Fitch by 293.7% in the 2nd quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer’s stock worth $51,043,000 after purchasing an additional 213,684 shares in the last quarter.

Abercrombie & Fitch Stock Up 1.7 %

NYSE:ANF opened at $130.34 on Tuesday. The stock’s 50 day moving average price is $146.99 and its 200 day moving average price is $147.93. Abercrombie & Fitch Co. has a 52-week low of $95.51 and a 52-week 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 issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.63 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 over the last quarter. Corporate insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Raymond James cut their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Morgan Stanley decreased their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price target for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $182.25.

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.