Sequoia Financial Advisors LLC Trims Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Sequoia Financial Advisors LLC cut its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,847 shares of the apparel retailer’s stock after selling 349 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Abercrombie & Fitch were worth $258,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $35,000. Quarry LP increased its holdings in Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares during the last quarter. CWM LLC raised its stake in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after buying an additional 222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after acquiring an additional 624 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on ANF shares. Jefferies Financial Group raised their price objective on 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 issued a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Morgan Stanley dropped their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.71.

Abercrombie & Fitch Price Performance

ANF opened at $138.47 on Wednesday. The stock’s 50 day moving average price is $145.02 and its 200 day moving average price is $150.72. The stock has a market cap of $7.08 billion, a P/E ratio of 17.22 and a beta of 1.49. Abercrombie & Fitch Co. has a 12 month low of $57.78 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data 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 business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Insider Activity

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 stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares in the company, 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 SEC, which is available at this hyperlink. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred 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 transaction, the director now directly 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 31,541 shares of company stock worth $4,310,256 over the last three months. 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.