Cavalier Investments LLC Boosts Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Cavalier Investments LLC raised its position in Abercrombie & Fitch Co. (NYSE:ANF) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,855 shares of the apparel retailer’s stock after purchasing an additional 432 shares during the period. Cavalier Investments LLC’s holdings in Abercrombie & Fitch were worth $1,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its position in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares during the period. Farther Finance Advisors LLC grew its position in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 123 shares during the period. Private Trust Co. NA grew its position in shares of Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 272 shares during the period. Fifth Third Bancorp grew its position in shares of Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares during the period. Finally, Covestor Ltd grew its position in shares of Abercrombie & Fitch by 16.9% during the 3rd quarter. Covestor Ltd now owns 997 shares of the apparel retailer’s stock valued at $139,000 after acquiring an additional 144 shares during the period.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $101.01 on Wednesday. The firm has a fifty day moving average price of $130.21 and a two-hundred day moving average price of $140.32. Abercrombie & Fitch Co. has a one year low of $99.12 and a one year high of $196.99. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 9.99 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm earned $1.83 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

ANF has been the subject of a number of research reports. Raymond James reduced their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley cut 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 report on Wednesday, January 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares in the company, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock valued at $2,631,741 in the last three months. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.