Abercrombie & Fitch (NYSE:ANF) Trading Down 6.3%

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 6.3% during mid-day trading on Monday . The stock traded as low as $134.30 and last traded at $135.35. 722,948 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 1,703,171 shares. The stock had previously closed at $144.50.

Analyst Ratings Changes

A number of analysts have recently issued reports on ANF shares. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. UBS Group lowered their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.57.

Abercrombie & Fitch Trading Down 4.7 %

The company has a market cap of $7.04 billion, a PE ratio of 16.85 and a beta of 1.50. The company has a fifty day simple moving average of $146.74 and a two-hundred day simple moving average of $147.39.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, research analysts anticipate that Abercrombie & Fitch Co. will post 10.26 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several institutional investors and hedge funds have recently made changes to their positions in ANF. Renaissance Technologies LLC boosted its position in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after buying an additional 512,700 shares during the period. Assenagon Asset Management S.A. grew its position in Abercrombie & Fitch by 2,036.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock worth $74,615,000 after purchasing an additional 399,922 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $32,897,000. Jupiter Asset Management Ltd. grew its stake in Abercrombie & Fitch by 613.3% in the first quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer’s stock valued at $44,694,000 after purchasing an additional 306,616 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after purchasing an additional 224,555 shares during the last quarter.

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.