Quarry LP Purchases 170 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Quarry LP lifted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 156.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 279 shares of the apparel retailer’s stock after buying an additional 170 shares during the period. Quarry LP’s holdings in Abercrombie & Fitch were worth $50,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ANF. Caxton Associates LP boosted its stake in Abercrombie & Fitch by 41.7% during the 4th quarter. Caxton Associates LP now owns 24,301 shares of the apparel retailer’s stock valued at $2,144,000 after purchasing an additional 7,150 shares during the last quarter. Virtu Financial LLC bought a new stake in Abercrombie & Fitch in the 4th quarter worth about $1,968,000. B. Riley Wealth Advisors Inc. bought a new stake in Abercrombie & Fitch in the 4th quarter worth about $445,000. PNC Financial Services Group Inc. raised its position in Abercrombie & Fitch by 6.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,186 shares of the apparel retailer’s stock worth $810,000 after buying an additional 534 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $376,000.

Insider Activity

In related news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 30th. The stock was 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 owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 0.00 % decrease in their position. 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 Abercrombie & Fitch stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 over the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Jefferies Financial Group boosted 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. UBS Group dropped their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Three equities 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, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.71.

Abercrombie & Fitch Trading Up 9.1 %

Abercrombie & Fitch stock opened at $146.31 on Friday. Abercrombie & Fitch Co. has a 12-month low of $53.16 and a 12-month high of $196.99. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 18.05 and a beta of 1.49. The firm has a 50 day moving average of $145.10 and a 200 day moving average of $147.37.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping 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 analyst estimates of $1.09 billion. On average, analysts predict that Abercrombie & Fitch Co. will post 10.26 EPS for the current 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.