DekaBank Deutsche Girozentrale Buys Shares of 4,634 Abercrombie & Fitch Co. (NYSE:ANF)

DekaBank Deutsche Girozentrale purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,634 shares of the apparel retailer’s stock, valued at approximately $786,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Matrix Trust Co acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $35,000. CWM LLC lifted its holdings in shares of Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Abercrombie & Fitch during the 1st quarter valued at approximately $120,000. Daiwa Securities Group Inc. grew its stake in Abercrombie & Fitch by 85.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the apparel retailer’s stock worth $163,000 after buying an additional 600 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Abercrombie & Fitch in the second quarter worth $195,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANF. Morgan Stanley reduced their price target 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. UBS Group decreased their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised 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 report on Monday, July 22nd. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. Finally, Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.57.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated 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 $3,676,109.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch 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 transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the 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 disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock valued at $4,310,256 over the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $139.32 on Friday. Abercrombie & Fitch Co. has a 1 year low of $49.24 and a 1 year high of $196.99. The stock has a fifty day moving average price of $150.19 and a two-hundred day moving average price of $146.63. The firm has a market cap of $7.12 billion, a P/E ratio of 17.41 and a beta of 1.50.

Abercrombie & Fitch 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.