28,903 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,903 shares of the apparel retailer’s stock, valued at approximately $5,140,000. Intech Investment Management LLC owned about 0.06% of Abercrombie & Fitch as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Matrix Trust Co purchased a new stake in Abercrombie & Fitch during the second quarter valued at about $35,000. CWM LLC boosted its stake in Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Abercrombie & Fitch during the 1st quarter worth approximately $120,000. Plato Investment Management Ltd raised its stake in 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 during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Abercrombie & Fitch by 85.7% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the apparel retailer’s stock valued at $163,000 after purchasing an additional 600 shares in the last quarter.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Scott D. Lipesky sold 9,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Samir Desai sold 19,041 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 3.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ANF shares. UBS Group lowered their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and upped their target price for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.57.

Abercrombie & Fitch Stock Up 1.8 %

Shares of ANF opened at $141.80 on Friday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 17.64 and a beta of 1.50. The company’s fifty day moving average is $148.86 and its 200-day moving average is $146.65. Abercrombie & Fitch Co. has a 12 month low of $49.24 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 47.35% and a net margin of 10.76%. As a group, research analysts predict that Abercrombie & Fitch Co. will post 10.11 earnings per share for the current fiscal year.

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.