Edge Capital Group LLC Purchases New Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Edge Capital Group LLC acquired a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,274 shares of the apparel retailer’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sage Rhino Capital LLC grew its stake in shares of Abercrombie & Fitch by 5.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after buying an additional 89 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Abercrombie & Fitch by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock worth $2,244,000 after acquiring an additional 93 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after acquiring an additional 115 shares in the last quarter. Petra Financial Advisors Inc. raised its position in shares of Abercrombie & Fitch by 3.0% in the 2nd quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock worth $1,085,000 after purchasing an additional 176 shares during the last quarter. Finally, Matrix Trust Co bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $35,000.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $141.80 on Monday. Abercrombie & Fitch Co. has a 1-year low of $49.24 and a 1-year high of $196.99. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 17.64 and a beta of 1.50. The business’s fifty day moving average price is $148.86 and its 200-day moving average price is $146.74.

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 analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion for 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%. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.11 EPS for the current year.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the company’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 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. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction dated 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 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 can be accessed through this link. Also, 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 value of $2,501,225.76. Following the transaction, the executive vice president now 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 have sold 31,541 shares of company stock valued at $4,310,256. 3.77% of the stock is owned by insiders.

Analysts Set New Price Targets

ANF has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 30th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.