Federated Hermes Inc. Sells 88,613 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Federated Hermes Inc. lessened its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 54.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,183 shares of the apparel retailer’s stock after selling 88,613 shares during the quarter. Federated Hermes Inc. owned approximately 0.15% of Abercrombie & Fitch worth $13,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. raised its position in Abercrombie & Fitch by 18.1% during the second 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Abercrombie & Fitch by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after purchasing an additional 20,616 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Abercrombie & Fitch by 45.3% in 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. Norges Bank bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $37,632,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Abercrombie & Fitch by 2,036.5% in the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock valued at $74,615,000 after purchasing an additional 399,922 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ANF shares. Jefferies Financial Group lifted their price target 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. raised shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Finally, Morgan Stanley lowered 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 note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.57.

Abercrombie & Fitch Trading Down 5.4 %

Shares of Abercrombie & Fitch stock opened at $134.51 on Tuesday. The company’s fifty day simple moving average is $151.85 and its 200-day simple moving average is $146.68. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 16.73 and a beta of 1.50. Abercrombie & Fitch Co. has a 1 year low of $49.24 and a 1 year high of $196.99.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’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 sale, 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 Securities & Exchange Commission, which is available at this link. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock valued at $4,310,256 in the last 90 days. 3.77% of the stock is currently owned by company insiders.

About Abercrombie & Fitch

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.