Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 18.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,619 shares of the apparel retailer’s stock after acquiring an additional 1,831 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Abercrombie & Fitch were worth $1,625,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ANF. Matrix Trust Co purchased a new position in Abercrombie & Fitch in the second quarter worth approximately $35,000. Farther Finance Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the period. Quarry LP increased its position in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the last quarter. CWM LLC raised its holdings in 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 buying an additional 376 shares during the period. Finally, GAMMA Investing LLC lifted its position in Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after buying an additional 222 shares during the last quarter.

Abercrombie & Fitch Stock Up 1.4 %

Shares of Abercrombie & Fitch stock opened at $141.90 on Thursday. Abercrombie & Fitch Co. has a 52-week low of $65.60 and a 52-week high of $196.99. The company has a 50 day moving average of $141.46 and a 200 day moving average of $152.25. The company has a market capitalization of $7.25 billion, a P/E ratio of 15.03 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 10.76% and a return on equity of 47.35%. As a group, research analysts anticipate that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ANF. Morgan Stanley dropped 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 research report on Thursday, August 29th. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. UBS Group dropped their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus price target of $176.71.

Insider Transactions at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction 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 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction 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 directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Profile

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.