Commonwealth Equity Services LLC Invests $428,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Commonwealth Equity Services LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,405 shares of the apparel retailer’s stock, valued at approximately $428,000.

Several other hedge funds have also added to or reduced their stakes in the business. Sage Rhino Capital LLC increased its position in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after buying an additional 89 shares during the period. Franklin Resources Inc. lifted its stake in shares of Abercrombie & Fitch by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock worth $2,244,000 after buying an additional 93 shares in the last quarter. Petra Financial Advisors Inc. lifted its stake in shares of Abercrombie & Fitch by 3.0% in the second quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock worth $1,085,000 after buying an additional 176 shares in the last quarter. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $35,000. Finally, Bailard Inc. lifted its position in Abercrombie & Fitch by 11.1% during the second quarter. Bailard Inc. now owns 2,000 shares of the apparel retailer’s stock valued at $356,000 after purchasing an additional 200 shares during the period.

Abercrombie & Fitch Price Performance

ANF stock opened at $141.80 on Friday. The firm’s fifty day simple moving average is $148.86 and its 200-day simple moving average is $146.65. The company has a market capitalization of $7.25 billion, a P/E ratio of 17.64 and a beta of 1.50. Abercrombie & Fitch Co. has a 12 month low of $49.24 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.11 earnings per share for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Abercrombie & Fitch news, 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 sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was 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 in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ANF shares. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. upgraded 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 report on Monday, July 22nd. Finally, UBS Group reduced their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.57.

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.