B. Riley Wealth Advisors Inc. Acquires Shares of 5,105 Abercrombie & Fitch Co. (NYSE:ANF)

B. Riley Wealth Advisors Inc. acquired a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,105 shares of the apparel retailer’s stock, valued at approximately $908,000.

Several other large investors have also recently added to or reduced their stakes in ANF. Marshall Wace LLP raised its holdings in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after purchasing an additional 120,509 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after purchasing an additional 512,700 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Abercrombie & Fitch by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after purchasing an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after purchasing an additional 20,616 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Abercrombie & Fitch by 45.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after purchasing an additional 141,788 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANF. UBS Group cut their price target 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. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley lowered their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.71.

Insider Activity at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Samir Desai sold 19,041 shares of the company’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 owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is currently owned by company insiders.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $146.31 on Friday. Abercrombie & Fitch Co. has a one year low of $53.16 and a one year high of $196.99. The company has a 50 day moving average of $145.10 and a 200-day moving average of $147.37. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 18.20 and a beta of 1.49.

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

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.