Crossmark Global Holdings Inc. Acquires 1,726 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Crossmark Global Holdings Inc. increased its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 51.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,094 shares of the apparel retailer’s stock after purchasing an additional 1,726 shares during the period. Crossmark Global Holdings Inc.’s holdings in Abercrombie & Fitch were worth $713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANF. Matrix Trust Co purchased a new position in shares of Abercrombie & Fitch in the second quarter worth $35,000. Farther Finance Advisors LLC lifted its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Quarry LP lifted its stake in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares in the last quarter. CWM LLC boosted its holdings in shares of Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after purchasing an additional 624 shares in the last quarter.

Abercrombie & Fitch Stock Up 0.0 %

NYSE ANF opened at $144.67 on Friday. Abercrombie & Fitch Co. has a 52 week low of $65.60 and a 52 week high of $196.99. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 15.33 and a beta of 1.50. The company has a fifty day moving average of $141.87 and a two-hundred day moving average of $152.33.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly 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 net margin of 10.76% and a return on equity of 47.35%. The firm 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 10.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ANF shares. Morgan Stanley dropped their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. UBS Group boosted their price target on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group increased 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 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 currently has a consensus rating of “Moderate Buy” and an average price target of $177.43.

Insider Activity

In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction 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 completion of 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 trade was a 40.49 % 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. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. This represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by insiders.

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.