Interval Partners LP Invests $527,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Interval Partners LP acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,963 shares of the apparel retailer’s stock, valued at approximately $527,000.

A number of other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after acquiring an additional 512,700 shares during the period. Norges Bank purchased a new stake in Abercrombie & Fitch in the 4th quarter worth approximately $37,632,000. Assenagon Asset Management S.A. raised its stake 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 acquiring an additional 399,922 shares during the period. Hennessy Advisors Inc. purchased a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $32,897,000. Finally, Jupiter Asset Management Ltd. boosted its position in shares of Abercrombie & Fitch by 613.3% in the first quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer’s stock worth $44,694,000 after purchasing an additional 306,616 shares during the period.

Abercrombie & Fitch Price Performance

NYSE ANF 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 business has a 50 day simple moving average of $147.77 and a two-hundred day simple moving average of $146.99. The stock has a market capitalization of $7.26 billion, a PE ratio of 17.67 and a beta of 1.50.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group raised 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. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. UBS Group lowered their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $176.57.

Insiders Place Their Bets

In related news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction dated 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 owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock valued at $4,310,256 in the last three months. Corporate insiders own 3.77% of the company’s stock.

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.