Mackenzie Financial Corp Has $589,000 Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Mackenzie Financial Corp lowered its position in Abercrombie & Fitch Co. (NYSE:ANF) by 6.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,314 shares of the apparel retailer’s stock after selling 240 shares during the period. Mackenzie Financial Corp’s holdings in Abercrombie & Fitch were worth $589,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Matrix Trust Co acquired a new position in Abercrombie & Fitch in the second quarter valued at $35,000. CWM LLC lifted its stake in shares of Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the period. Plato Investment Management Ltd boosted its position in shares of Abercrombie & Fitch by 66.1% during the 2nd quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock valued at $132,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Abercrombie & Fitch during the first quarter worth approximately $120,000. Finally, Meeder Asset Management Inc. bought a new stake in Abercrombie & Fitch in the second quarter worth approximately $195,000.

Analysts Set New Price Targets

ANF has been the topic of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Jefferies Financial Group raised their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, UBS Group dropped their price target on 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 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 stock has an average rating of “Moderate Buy” and an average target price of $176.71.

Abercrombie & Fitch Price Performance

ANF opened at $146.32 on Friday. The firm has a market capitalization of $7.48 billion, a PE ratio of 18.20 and a beta of 1.49. Abercrombie & Fitch Co. has a fifty-two week low of $53.16 and a fifty-two week high of $196.99. The company’s 50-day moving average is $144.97 and its 200 day moving average is $147.48.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. The firm 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 expect that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Insider Activity

In related news, CFO Scott D. Lipesky sold 9,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 over the last quarter. Insiders own 3.77% of the company’s stock.

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.