Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,492 shares of the apparel retailer’s stock after acquiring an additional 149 shares during the period. Vontobel Holding Ltd.’s holdings in Abercrombie & Fitch were worth $489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kapitalo Investimentos Ltda acquired a new position in Abercrombie & Fitch in the third quarter worth about $227,000. Creative Planning grew its position in shares of Abercrombie & Fitch by 5.9% in the 3rd quarter. Creative Planning now owns 30,284 shares of the apparel retailer’s stock worth $4,237,000 after acquiring an additional 1,693 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Abercrombie & Fitch by 37.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock worth $50,711,000 after acquiring an additional 97,893 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Abercrombie & Fitch by 11.6% in the 3rd quarter. Ritholtz Wealth Management now owns 3,656 shares of the apparel retailer’s stock valued at $511,000 after acquiring an additional 379 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Abercrombie & Fitch by 23.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,800 shares of the apparel retailer’s stock valued at $1,230,000 after acquiring an additional 1,700 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group boosted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.71.

Abercrombie & Fitch Trading Up 2.0 %

ANF opened at $159.93 on Tuesday. Abercrombie & Fitch Co. has a twelve month low of $57.78 and a twelve month high of $196.99. The stock has a market cap of $8.17 billion, a PE ratio of 19.89 and a beta of 1.49. The business’s 50 day moving average is $147.00 and its 200-day moving average is $149.31.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly 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 company had revenue of $1.13 billion during the quarter, compared to analyst estimates 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 forecast that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated 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 directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 in the last 90 days. Corporate 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.