Abercrombie & Fitch Co. (NYSE:ANF) Stock Holdings Trimmed by Maverick Capital Ltd.

Maverick Capital Ltd. decreased its position in Abercrombie & Fitch Co. (NYSE:ANF) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,622 shares of the apparel retailer’s stock after selling 2,985 shares during the quarter. Maverick Capital Ltd.’s holdings in Abercrombie & Fitch were worth $3,312,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Abercrombie & Fitch during the fourth quarter valued at $37,632,000. PNC Financial Services Group Inc. grew its position in shares of Abercrombie & Fitch by 6.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,186 shares of the apparel retailer’s stock valued at $810,000 after buying an additional 534 shares during the last quarter. Franklin Resources Inc. raised its stake in Abercrombie & Fitch by 0.4% during the fourth quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock worth $2,244,000 after acquiring an additional 93 shares during the period. Advisory Services Network LLC acquired a new stake in Abercrombie & Fitch during the fourth quarter worth about $842,000. Finally, Scotia Capital Inc. bought a new position in Abercrombie & Fitch in the fourth quarter worth about $201,000.

Abercrombie & Fitch Stock Up 0.1 %

ANF stock opened at $137.81 on Friday. The company has a market capitalization of $7.04 billion, a P/E ratio of 17.14 and a beta of 1.50. The company has a 50-day simple moving average of $147.02 and a 200 day simple moving average of $146.86. Abercrombie & Fitch Co. has a fifty-two week low of $53.15 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ANF. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. UBS Group lowered their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, August 30th. Finally, Morgan Stanley cut their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.57.

Insider Buying and Selling at Abercrombie & Fitch

In other news, 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 sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Samir Desai sold 19,041 shares of the firm’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 transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. The disclosure for this sale can be found here. In 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 corporate insiders.

Abercrombie & Fitch 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.