Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 4.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,527 shares of the apparel retailer’s stock after selling 252 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Abercrombie & Fitch were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Sage Rhino Capital LLC increased its position in Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after buying an additional 89 shares during the period. Franklin Resources Inc. grew its stake in shares of Abercrombie & Fitch by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock valued at $2,244,000 after purchasing an additional 93 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after purchasing an additional 115 shares during the last quarter. Petra Financial Advisors Inc. grew its stake in shares of Abercrombie & Fitch by 3.0% in the 2nd quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock valued at $1,085,000 after purchasing an additional 176 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at approximately $35,000.

Insider Buying and Selling

In related news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other 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 value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction on 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 transaction, 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. Over the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. 3.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ANF. UBS Group lowered 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. Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group lifted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus target price of $176.57.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $142.08 on Wednesday. Abercrombie & Fitch Co. has a 1-year low of $50.03 and a 1-year high of $196.99. The company has a market cap of $7.26 billion, a PE ratio of 17.67 and a beta of 1.50. The stock’s 50 day moving average price is $147.77 and its 200 day moving average price is $146.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. On average, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.11 EPS for the current fiscal year.

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.