Commonwealth Equity Services LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,405 shares of the apparel retailer’s stock, valued at approximately $428,000.
Several other hedge funds have also added to or reduced their stakes in the business. Sage Rhino Capital LLC increased its position in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after buying an additional 89 shares during the period. Franklin Resources Inc. lifted its stake in shares of Abercrombie & Fitch by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock worth $2,244,000 after buying an additional 93 shares in the last quarter. Petra Financial Advisors Inc. lifted its stake in shares of Abercrombie & Fitch by 3.0% in the second quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock worth $1,085,000 after buying an additional 176 shares in the last quarter. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $35,000. Finally, Bailard Inc. lifted its position in Abercrombie & Fitch by 11.1% during the second quarter. Bailard Inc. now owns 2,000 shares of the apparel retailer’s stock valued at $356,000 after purchasing an additional 200 shares during the period.
Abercrombie & Fitch Price Performance
ANF stock opened at $141.80 on Friday. The firm’s fifty day simple moving average is $148.86 and its 200-day simple moving average is $146.65. The company has a market capitalization of $7.25 billion, a P/E ratio of 17.64 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.
Insider Buying and Selling
In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the company’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 sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on ANF shares. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Citigroup upgraded shares of 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 downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Finally, UBS Group reduced their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.57.
Read Our Latest Analysis on ANF
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.
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