Headlands Technologies LLC Purchases New Position in Abercrombie & Fitch Co. (NYSE:ANF)

Headlands Technologies LLC purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 895 shares of the apparel retailer’s stock, valued at approximately $79,000.

A number of other hedge funds also recently bought and sold shares of the stock. Truist Financial Corp purchased a new stake in Abercrombie & Fitch during the fourth quarter worth $472,000. Stevens Capital Management LP purchased a new stake in Abercrombie & Fitch during the fourth quarter worth $357,000. Harvest Fund Management Co. Ltd purchased a new stake in Abercrombie & Fitch during the fourth quarter worth $121,000. Yousif Capital Management LLC lifted its holdings in Abercrombie & Fitch by 4.3% during the fourth quarter. Yousif Capital Management LLC now owns 25,866 shares of the apparel retailer’s stock worth $2,282,000 after buying an additional 1,071 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in Abercrombie & Fitch during the fourth quarter worth $49,000.

Abercrombie & Fitch Trading Down 3.1 %

Shares of NYSE:ANF opened at $121.55 on Wednesday. The business has a 50-day moving average price of $123.25 and a 200-day moving average price of $98.64. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 19.54 and a beta of 1.58. Abercrombie & Fitch Co. has a 52-week low of $21.74 and a 52-week high of $140.28. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.14. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. Abercrombie & Fitch’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. Equities analysts predict that Abercrombie & Fitch Co. will post 7.48 EPS for the current year.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares of the company’s stock, valued at $58,127,767.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total transaction of $98,572.26. Following the completion of the transaction, the executive vice president now owns 1,014 shares of the company’s stock, valued at $127,165.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Insiders sold a total of 558,786 shares of company stock valued at $64,340,812 over the last 90 days. Insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ANF shares. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Argus upped their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group upped their price target on Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $152.00 price target (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Finally, Citigroup upped their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.71.

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.