Abercrombie & Fitch Co. (NYSE:ANF) Stake Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 81.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 274 shares of the apparel retailer’s stock after buying an additional 123 shares during the quarter. Farther Finance Advisors LLC’s holdings in Abercrombie & Fitch were worth $38,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANF. US Bancorp DE raised its holdings in shares of Abercrombie & Fitch by 62.2% during the third quarter. US Bancorp DE now owns 1,476 shares of the apparel retailer’s stock valued at $206,000 after acquiring an additional 566 shares during the period. WD Rutherford LLC purchased a new position in Abercrombie & Fitch during the 3rd quarter worth approximately $549,000. Cavalier Investments LLC acquired a new stake in Abercrombie & Fitch during the 3rd quarter valued at $1,458,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Abercrombie & Fitch by 11.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,716 shares of the apparel retailer’s stock valued at $1,499,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Highland Capital Management LLC boosted its position in shares of Abercrombie & Fitch by 13.0% in the third quarter. Highland Capital Management LLC now owns 2,525 shares of the apparel retailer’s stock worth $353,000 after buying an additional 291 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Morgan Stanley reduced 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Finally, UBS Group raised their price target on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business’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 transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. This trade represents a 7.80 % decrease in their ownership of the stock. 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. 2.58% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Stock Up 2.1 %

NYSE:ANF opened at $144.72 on Friday. The firm has a market cap of $7.39 billion, a PE ratio of 15.33 and a beta of 1.50. Abercrombie & Fitch Co. has a 12 month low of $65.60 and a 12 month high of $196.99. The company’s 50-day moving average price is $141.60 and its two-hundred day moving average price is $152.19.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion during 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%. On average, research analysts expect that Abercrombie & Fitch Co. will post 10.31 EPS for the current fiscal year.

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.