Divisadero Street Capital Management LP Has $67.89 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Divisadero Street Capital Management LP lifted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 2.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 381,755 shares of the apparel retailer’s stock after buying an additional 7,854 shares during the period. Abercrombie & Fitch makes up about 10.3% of Divisadero Street Capital Management LP’s portfolio, making the stock its 2nd biggest holding. Divisadero Street Capital Management LP’s holdings in Abercrombie & Fitch were worth $67,891,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ANF. Vanguard Personalized Indexing Management LLC bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $256,000. Norges Bank bought a new position in Abercrombie & Fitch during the fourth quarter valued at $37,632,000. PNC Financial Services Group Inc. raised its stake in shares of Abercrombie & Fitch by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,186 shares of the apparel retailer’s stock valued at $810,000 after acquiring an additional 534 shares during the period. Franklin Resources Inc. boosted its stake in shares of Abercrombie & Fitch by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock worth $2,244,000 after purchasing an additional 93 shares during the period. Finally, Oxford Asset Management LLP bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $253,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ANF shares. Morgan Stanley decreased 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 note on Thursday, August 29th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. UBS Group reduced their target price 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. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.57.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the firm’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 transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The transaction was disclosed in a legal filing 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 company’s stock in a transaction on Friday, September 6th. The stock was 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 owns 27,985 shares in the company, valued at $3,676,109.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock valued at $4,310,256 over the last three months. 3.77% of the stock is owned by company insiders.

Abercrombie & Fitch Trading Up 2.9 %

ANF opened at $139.32 on Friday. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 17.33 and a beta of 1.50. Abercrombie & Fitch Co. has a 12-month low of $49.24 and a 12-month high of $196.99. The business’s fifty day simple moving average is $150.19 and its 200-day simple moving average is $146.63.

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.