Seven Eight Capital LP Trims Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Seven Eight Capital LP lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 53.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,038 shares of the apparel retailer’s stock after selling 4,669 shares during the period. Seven Eight Capital LP’s holdings in Abercrombie & Fitch were worth $718,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at about $674,000. Cetera Investment Advisers increased its position in shares of Abercrombie & Fitch by 209.2% in the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock worth $6,097,000 after purchasing an additional 32,915 shares during the last quarter. SG Americas Securities LLC raised its stake in Abercrombie & Fitch by 123.3% in the second quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock valued at $6,026,000 after purchasing an additional 18,707 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Abercrombie & Fitch during the first quarter valued at approximately $585,000. Finally, O Shaughnessy Asset Management LLC lifted its position in Abercrombie & Fitch by 74.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,746 shares of the apparel retailer’s stock valued at $971,000 after purchasing an additional 3,308 shares during the last quarter.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock opened at $141.80 on Friday. The stock 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 one year low of $49.24 and a one year high of $196.99. The business’s 50 day simple moving average is $148.86 and its two-hundred day simple moving average is $146.65.

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

Insider Transactions at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the company’s 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 30th. The shares were 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 directly owns 106,455 shares in the company, valued at approximately $15,627,594. 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. Company insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ANF shares. UBS Group lowered their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley dropped their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.57.

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.