Sage Rhino Capital LLC Makes New $233,000 Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Sage Rhino Capital LLC purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,641 shares of the apparel retailer’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANF. McGlone Suttner Wealth Management Inc. acquired a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $49,000. Daiwa Securities Group Inc. acquired a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $62,000. Castleview Partners LLC acquired a new position in Abercrombie & Fitch in the third quarter valued at approximately $44,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Abercrombie & Fitch by 36.7% in 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 during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Argus increased their price objective on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, April 11th. UBS Group increased their price objective on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Morgan Stanley increased their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Jefferies Financial Group increased their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup increased their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.71.

Insider Activity at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 400,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction dated 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 directly owns 88,558 shares in the company, valued at $11,330,996.10. The disclosure for this sale can be found here. Insiders have sold a total of 558,786 shares of company stock valued at $64,340,812 over the last quarter. Insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $2.04 during mid-day trading on Wednesday, reaching $119.48. The stock had a trading volume of 84,686 shares, compared to its average volume of 1,587,964. Abercrombie & Fitch Co. has a 12-month low of $21.74 and a 12-month high of $140.28. The company has a market cap of $6.10 billion, a P/E ratio of 19.54 and a beta of 1.58. The business has a 50-day simple moving average of $123.25 and a 200 day simple moving average of $98.64. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results 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. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $0.81 earnings per share. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current 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.