Choreo LLC Buys New Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Choreo LLC purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,822 shares of the apparel retailer’s stock, valued at approximately $336,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANF. Hennessy Advisors Inc. grew 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 worth $89,347,000 after purchasing an additional 76,900 shares during the period. Bank of New York Mellon Corp grew its stake in Abercrombie & Fitch by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock worth $81,915,000 after buying an additional 20,616 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Abercrombie & Fitch by 45.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock worth $56,969,000 after acquiring an additional 141,788 shares in the last quarter. Norges Bank purchased a new position in shares of Abercrombie & Fitch in the 4th quarter valued at $37,632,000. Finally, Assenagon Asset Management S.A. boosted its position in Abercrombie & Fitch by 2,036.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock worth $74,615,000 after purchasing an additional 399,922 shares during the period.

Insiders Place Their Bets

In other news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total value 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the 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 of the company’s stock, valued at $15,627,594. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ANF. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Morgan Stanley lowered their price objective 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 reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group upped 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus price target of $176.57.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $134.48 on Wednesday. Abercrombie & Fitch Co. has a one year low of $49.24 and a one year high of $196.99. The stock’s fifty day moving average is $151.85 and its 200-day moving average is $146.68. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 16.73 and a beta of 1.50.

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.