Farther Finance Advisors LLC Has $38,000 Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Farther Finance Advisors LLC grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 81.5% during the 3rd quarter, Holdings Channel reports. The firm owned 274 shares of the apparel retailer’s stock after purchasing an additional 123 shares during the period. Farther Finance Advisors LLC’s holdings in Abercrombie & Fitch were worth $38,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP increased its holdings in Abercrombie & Fitch by 16.0% in the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Abercrombie & Fitch by 146.3% in the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after acquiring an additional 512,700 shares during the period. Hennessy Advisors Inc. raised its position in shares of Abercrombie & Fitch by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after acquiring an additional 76,900 shares during the period. Bank of New York Mellon Corp boosted its stake in Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock worth $81,915,000 after acquiring an additional 20,616 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Abercrombie & Fitch by 45.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after purchasing an additional 141,788 shares during the period.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock opened at $144.72 on Friday. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 15.33 and a beta of 1.50. Abercrombie & Fitch Co. has a one year low of $65.60 and a one year high of $196.99. The stock’s 50-day moving average is $141.60 and its 200-day moving average is $152.19.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion for 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 analysts expect that Abercrombie & Fitch Co. will post 10.31 EPS for the current year.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction that occurred 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 trade was a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,541 shares of company stock worth $4,310,256. 2.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ANF shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, UBS Group boosted their price objective on Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday. Three research 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 has an average rating of “Moderate Buy” and a consensus target price of $177.43.

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.