Axa S.A. Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Axa S.A. bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 16,509 shares of the apparel retailer’s stock, valued at approximately $2,936,000.

Several other institutional investors have also made changes to their positions in the business. Alpha DNA Investment Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $409,000. Point72 Hong Kong Ltd lifted its position in shares of Abercrombie & Fitch by 593.0% during the second quarter. Point72 Hong Kong Ltd now owns 23,493 shares of the apparel retailer’s stock worth $4,178,000 after purchasing an additional 20,103 shares in the last quarter. Murchinson Ltd. acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $1,112,000. Marshall Wace LLP lifted its holdings in Abercrombie & Fitch by 16.0% in the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after buying an additional 120,509 shares during the period. Finally, Interval Partners LP acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $527,000.

Insider Activity

In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Stock Up 4.8 %

Shares of Abercrombie & Fitch stock opened at $144.50 on Monday. Abercrombie & Fitch Co. has a twelve month low of $53.16 and a twelve month high of $196.99. The company has a 50-day simple moving average of $146.74 and a two-hundred day simple moving average of $147.39. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 17.97 and a beta of 1.50.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ANF. UBS Group cut their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Jefferies Financial Group lifted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $167.00 to $194.00 in a research note on Monday, July 22nd. Finally, Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $176.57.

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.