Abercrombie & Fitch Co. (NYSE:ANF) is Divisadero Street Capital Management LP’s 2nd Largest Position

Divisadero Street Capital Management LP grew its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 381,755 shares of the apparel retailer’s stock after buying an additional 7,854 shares during the quarter. Abercrombie & Fitch accounts for 10.3% of Divisadero Street Capital Management LP’s portfolio, making the stock its 2nd largest position. Divisadero Street Capital Management LP owned about 0.75% of Abercrombie & Fitch worth $67,891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of Abercrombie & Fitch by 146.3% during 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 last quarter. Norges Bank bought a new stake in Abercrombie & Fitch in the 4th quarter worth approximately $37,632,000. Assenagon Asset Management S.A. raised its stake in Abercrombie & Fitch by 2,036.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock valued at $74,615,000 after buying an additional 399,922 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at $32,897,000. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of Abercrombie & Fitch by 613.3% in the 1st quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer’s stock worth $44,694,000 after buying an additional 306,616 shares during the last quarter.

Abercrombie & Fitch Stock Performance

ANF opened at $139.32 on Friday. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 17.33 and a beta of 1.50. The firm’s fifty day moving average is $150.19 and its 200 day moving average is $146.63. Abercrombie & Fitch Co. has a fifty-two week low of $49.24 and a fifty-two week high of $196.99.

Insider Buying and Selling

In related news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction 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 sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. 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. 3.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.