Valeo Financial Advisors LLC Purchases 700 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Valeo Financial Advisors LLC grew its position in Abercrombie & Fitch Co. (NYSE:ANF) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,388 shares of the apparel retailer’s stock after purchasing an additional 700 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Abercrombie & Fitch were worth $1,929,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Capital Group California Inc. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at $1,125,000. Teza Capital Management LLC bought a new position in Abercrombie & Fitch during the third quarter worth $598,000. Natixis Advisors L.P. bought a new position in Abercrombie & Fitch during the fourth quarter worth $988,000. FCF Advisors LLC bought a new position in Abercrombie & Fitch during the fourth quarter worth $744,000. Finally, Gotham Asset Management LLC boosted its stake in Abercrombie & Fitch by 179.3% during the third quarter. Gotham Asset Management LLC now owns 36,641 shares of the apparel retailer’s stock worth $2,065,000 after acquiring an additional 23,521 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ANF shares. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Jefferies Financial Group increased their target price on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Citigroup increased their target price on shares of Abercrombie & Fitch from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $144.00 to $167.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. Finally, Argus raised their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.14.

Abercrombie & Fitch Trading Down 2.1 %

NYSE:ANF opened at $179.57 on Thursday. Abercrombie & Fitch Co. has a 52 week low of $33.38 and a 52 week high of $196.99. The firm has a 50-day moving average price of $157.80 and a two-hundred day moving average price of $128.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 22.33 and a beta of 1.54.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.48. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. Abercrombie & Fitch’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. On average, equities analysts expect that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the sale, the chief executive officer now directly owns 525,520 shares in the company, valued at $58,127,767.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the sale, the chief executive officer now directly owns 525,520 shares in the company, valued at $58,127,767.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Goldman sold 4,120 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $176.48, for a total value of $727,097.60. Following the completion of the sale, the director now owns 7,565 shares in the company, valued at $1,335,071.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 422,120 shares of company stock worth $48,119,693. 3.77% of the stock is owned by company insiders.

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.