2,833 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Bought by Invst LLC

Invst LLC purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,833 shares of the apparel retailer’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares during the period. Creative Planning increased its stake in Abercrombie & Fitch by 22.6% during the 2nd quarter. Creative Planning now owns 28,591 shares of the apparel retailer’s stock worth $5,085,000 after buying an additional 5,272 shares during the period. Algert Global LLC increased its stake in Abercrombie & Fitch by 32.6% during the 2nd quarter. Algert Global LLC now owns 36,409 shares of the apparel retailer’s stock worth $6,475,000 after buying an additional 8,959 shares during the period. Murchinson Ltd. purchased a new stake in Abercrombie & Fitch during the 2nd quarter worth $1,778,000. Finally, Driehaus Capital Management LLC increased its stake in 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 buying an additional 224,555 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ANF shares. Morgan Stanley dropped their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Citigroup raised 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 report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.57.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’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 directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the business’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 transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock valued at $4,310,256 in the last ninety days. Company insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Stock Down 3.2 %

Shares of NYSE:ANF opened at $139.89 on Tuesday. Abercrombie & Fitch Co. has a fifty-two week low of $53.16 and a fifty-two week high of $196.99. The firm has a 50-day simple moving average of $146.37 and a 200 day simple moving average of $147.49. The company has a market cap of $7.15 billion, a PE ratio of 17.40 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 10.26 EPS for the current fiscal year.

About Abercrombie & Fitch

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.