Abercrombie & Fitch (NYSE:ANF) Trading Down 4%

Abercrombie & Fitch Co. (NYSE:ANF)’s share price traded down 4% on Monday . The company traded as low as $136.26 and last traded at $136.53. 277,288 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,709,672 shares. The stock had previously closed at $142.19.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ANF shares. 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 report on Thursday, August 29th. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $167.00 to $194.00 in a research note 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $176.57.

Abercrombie & Fitch Trading Up 0.8 %

The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 16.89 and a beta of 1.50. The firm’s 50 day simple moving average is $150.96 and its 200-day simple moving average is $146.70.

Insider Activity

In other news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 over the last quarter. Corporate insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently modified their holdings of the company. Matrix Trust Co purchased a new stake in Abercrombie & Fitch during the second quarter worth $35,000. Quarry LP boosted its position in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares in the last quarter. Spire Wealth Management grew its stake in Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 107 shares during the last quarter. CWM LLC increased its holdings in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after acquiring an additional 376 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after acquiring an additional 624 shares during the last quarter.

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.