Invst LLC Buys Shares of 2,833 Abercrombie & Fitch Co. (NYSE:ANF)

Invst LLC bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,833 shares of the apparel retailer’s stock, valued at approximately $523,000.

A number of other hedge funds also recently added to or reduced their stakes in ANF. Renaissance Technologies LLC increased its holdings in Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after buying an additional 512,700 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Abercrombie & Fitch by 2,036.5% in the second 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 in the last quarter. Hennessy Advisors Inc. purchased a new position in Abercrombie & Fitch in the fourth quarter valued at about $32,897,000. Jupiter Asset Management Ltd. increased its holdings in Abercrombie & Fitch by 613.3% in the first quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer’s stock valued at $44,694,000 after buying an additional 306,616 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after purchasing an additional 224,555 shares in the last quarter.

Abercrombie & Fitch Stock Down 3.2 %

Shares of ANF opened at $139.89 on Tuesday. The firm has a market cap of $7.15 billion, a PE ratio of 17.40 and a beta of 1.50. The company’s fifty day moving average is $146.37 and its two-hundred day moving average is $147.49. Abercrombie & Fitch Co. has a fifty-two week low of $53.16 and a fifty-two week 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 for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Morgan Stanley dropped their price objective on shares of 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. Jefferies Financial Group raised 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. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. Finally, Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus target price of $176.57.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch 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 transaction, 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 can be accessed through the SEC website. In related 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction 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 transaction, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock worth $4,310,256 in the last quarter. 3.77% of the stock is owned by insiders.

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.