US Bancorp DE Acquires 566 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

US Bancorp DE raised its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 62.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,476 shares of the apparel retailer’s stock after acquiring an additional 566 shares during the period. US Bancorp DE’s holdings in Abercrombie & Fitch were worth $206,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Abercrombie & Fitch in the first quarter worth approximately $120,000. Oppenheimer & Co. Inc. bought a new stake in shares of Abercrombie & Fitch in the first quarter worth $264,000. Swiss National Bank increased its position in Abercrombie & Fitch by 0.3% during the first quarter. Swiss National Bank now owns 99,500 shares of the apparel retailer’s stock valued at $12,470,000 after acquiring an additional 300 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Abercrombie & Fitch by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,880 shares of the apparel retailer’s stock valued at $1,238,000 after acquiring an additional 679 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in Abercrombie & Fitch in the first quarter valued at about $393,000.

Insider Buying and Selling at Abercrombie & Fitch

In other 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 in the company, valued at $5,222,568.60. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 value 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 $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock valued at $4,310,256 in the last three months. 2.58% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $144.72 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $65.60 and a fifty-two week high of $196.99. The company has a market capitalization of $7.39 billion, a P/E ratio of 15.33 and a beta of 1.50. The company has a fifty day moving average of $141.60 and a 200 day moving average of $152.19.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Analysts forecast that Abercrombie & Fitch Co. will post 10.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ANF. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Jefferies Financial Group increased their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. UBS Group upped their price objective on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.43.

Abercrombie & Fitch Company 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.