Point72 DIFC Ltd Sells 1,749 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Point72 DIFC Ltd cut its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 73.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 621 shares of the apparel retailer’s stock after selling 1,749 shares during the period. Point72 DIFC Ltd’s holdings in Abercrombie & Fitch were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ANF. Franklin Resources Inc. increased its holdings in Abercrombie & Fitch by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock valued at $2,244,000 after purchasing an additional 93 shares during the period. Scotia Capital Inc. bought a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at about $201,000. Blueshift Asset Management LLC bought a new position in Abercrombie & Fitch in the fourth quarter worth about $342,000. Caxton Associates LP lifted its holdings in Abercrombie & Fitch by 41.7% in the fourth quarter. Caxton Associates LP now owns 24,301 shares of the apparel retailer’s stock worth $2,144,000 after buying an additional 7,150 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $1,968,000.

Abercrombie & Fitch Price Performance

Shares of ANF stock opened at $135.71 on Wednesday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.88 and a beta of 1.50. The company’s fifty day moving average price is $145.86 and its 200-day moving average price is $147.56. Abercrombie & Fitch Co. has a one year low of $53.16 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Equities research analysts expect that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal year.

Insider Buying and Selling

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 stock was 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 owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Scott D. Lipesky sold 9,000 shares of the 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 sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction on 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 directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ANF shares. UBS Group decreased their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Jefferies Financial Group boosted 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. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Morgan Stanley dropped their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.