B. Riley Wealth Advisors Inc. Makes New $908,000 Investment in Abercrombie & Fitch Co. (NYSE:ANF)

B. Riley Wealth Advisors Inc. bought a new position in Abercrombie & Fitch Co. (NYSE:ANF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,105 shares of the apparel retailer’s stock, valued at approximately $908,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANF. Quarry LP lifted its holdings in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares in the last quarter. Invst LLC acquired a new position in shares of Abercrombie & Fitch during the 2nd quarter valued at $523,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after acquiring an additional 624 shares in the last quarter. Creative Planning lifted its holdings in shares of Abercrombie & Fitch by 22.6% during the 2nd quarter. Creative Planning now owns 28,591 shares of the apparel retailer’s stock valued at $5,085,000 after acquiring an additional 5,272 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Abercrombie & Fitch by 32.6% during the 2nd quarter. Algert Global LLC now owns 36,409 shares of the apparel retailer’s stock valued at $6,475,000 after acquiring an additional 8,959 shares in the last quarter.

Wall Street Analyst Weigh In

ANF has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Jefferies Financial Group lifted their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, UBS Group dropped their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $176.71.

Abercrombie & Fitch Trading Up 9.1 %

Shares of NYSE:ANF opened at $146.31 on Friday. The company has a 50 day moving average of $145.10 and a 200-day moving average of $147.37. The firm has a market cap of $7.48 billion, a P/E ratio of 18.20 and a beta of 1.49. Abercrombie & Fitch Co. has a twelve month low of $53.16 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion during 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%. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock valued at $4,310,256 over the last ninety days. Insiders own 3.77% of the company’s stock.

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.