Mackenzie Financial Corp Makes New $438,000 Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Mackenzie Financial Corp purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,960 shares of the apparel retailer’s stock, valued at approximately $438,000.

Other large investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth $33,000. Castleview Partners LLC purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter worth $44,000. Nomura Asset Management Co. Ltd. raised its position in shares of Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after buying an additional 220 shares during the period. BML Capital Management LLC purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth $79,000. Finally, Signaturefd LLC raised its position in shares of Abercrombie & Fitch by 1,500.9% in the 3rd quarter. Signaturefd LLC now owns 1,713 shares of the apparel retailer’s stock worth $97,000 after buying an additional 1,606 shares during the period.

Analyst Upgrades and Downgrades

ANF has been the topic of several research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $152.00 target price (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Morgan Stanley increased their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the company 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 company a “buy” rating in a report on Wednesday, March 6th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Argus increased their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.71.

Insider Activity

In other news, Director Kerrii B. Anderson sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.33, for a total transaction of $381,990.00. Following the completion of the sale, the director now directly owns 45,878 shares in the company, valued at $5,841,645.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Jay Rust sold 786 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the transaction, the executive vice president now directly owns 1,014 shares in the company, valued at $127,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kerrii B. Anderson sold 3,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.33, for a total value of $381,990.00. Following the completion of the transaction, the director now owns 45,878 shares of the company’s stock, valued at $5,841,645.74. The disclosure for this sale can be found here. Insiders sold 558,786 shares of company stock worth $64,340,812 over the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Stock Up 5.7 %

Shares of Abercrombie & Fitch stock opened at $122.08 on Friday. The business has a 50-day moving average of $123.16 and a 200-day moving average of $97.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. The company has a market capitalization of $6.23 billion, a PE ratio of 19.63 and a beta of 1.58. Abercrombie & Fitch Co. has a 1-year low of $21.74 and a 1-year high of $140.28.

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

Abercrombie & Fitch 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.