CANADA LIFE ASSURANCE Co Acquires 2,244 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 3.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 67,809 shares of the apparel retailer’s stock after buying an additional 2,244 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Abercrombie & Fitch were worth $8,503,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Abercrombie & Fitch during the fourth quarter valued at $33,000. Spire Wealth Management boosted its stake in Abercrombie & Fitch by 51.4% during the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 107 shares during the period. GAMMA Investing LLC bought a new stake in Abercrombie & Fitch during the fourth quarter valued at $49,000. Daiwa Securities Group Inc. bought a new stake in Abercrombie & Fitch during the fourth quarter valued at $62,000. Finally, USA Financial Formulas boosted its stake in Abercrombie & Fitch by 1,227.7% during the fourth quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 798 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ANF shares. Citigroup lifted their price target on Abercrombie & Fitch from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. UBS Group lifted their price target on Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $152.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. Finally, Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.00.

Insider Activity at Abercrombie & Fitch

In related news, Director James A. Goldman sold 4,120 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $176.48, for a total transaction of $727,097.60. Following the transaction, the director now owns 7,565 shares in the company, valued at approximately $1,335,071.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Kenneth B. Robinson sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total value of $223,093.00. Following the transaction, the director now directly owns 5,880 shares of the company’s stock, valued at approximately $1,009,066.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Goldman sold 4,120 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $176.48, for a total value of $727,097.60. Following the completion of the transaction, the director now directly owns 7,565 shares in the company, valued at $1,335,071.20. The disclosure for this sale can be found here. Insiders have sold a total of 22,120 shares of company stock worth $3,875,693 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Stock Down 1.6 %

ANF opened at $151.53 on Friday. The company has a market cap of $7.74 billion, a P/E ratio of 18.85 and a beta of 1.54. The business’s 50-day moving average price is $170.11 and its 200-day moving average price is $136.24. The company has a current ratio of 1.64, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch Co. has a 12 month low of $37.75 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, topping the consensus estimate of $1.66 by $0.48. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $967.37 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts expect that Abercrombie & Fitch Co. will post 9.25 EPS for the current year.

Abercrombie & Fitch Company 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.