Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,548 shares of the apparel retailer’s stock after selling 358 shares during the quarter. Amalgamated Bank’s holdings in Abercrombie & Fitch were worth $2,765,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ANF. Matrix Trust Co acquired a new stake in Abercrombie & Fitch during the second quarter valued at $35,000. CWM LLC grew its position in shares of 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 during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Abercrombie & Fitch in the 1st quarter valued at about $120,000. Plato Investment Management Ltd raised its holdings in Abercrombie & Fitch by 66.1% in the 2nd quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock worth $132,000 after purchasing an additional 295 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Abercrombie & Fitch by 85.7% during the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the apparel retailer’s stock worth $163,000 after purchasing an additional 600 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ANF shares. JPMorgan Chase & Co. raised Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $167.00 to $194.00 in a research note on Monday, July 22nd. UBS Group decreased their price objective 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. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 30th. Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley cut their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus price target of $176.57.

Insider Buying and Selling at Abercrombie & Fitch

In other news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 in the last ninety days. 3.77% of the stock is owned by insiders.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $140.65 on Tuesday. Abercrombie & Fitch Co. has a one year low of $50.03 and a one year high of $196.99. The stock has a market cap of $7.19 billion, a PE ratio of 17.49 and a beta of 1.50. The stock has a 50 day moving average price of $148.33 and a 200 day moving average price of $146.83.

Abercrombie & Fitch (NYSE:ANF) last issued its 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. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, analysts predict that Abercrombie & Fitch Co. will post 10.11 earnings per share for the current fiscal year.

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.