Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,838 shares of the apparel retailer’s stock after acquiring an additional 7,267 shares during the period. Victory Capital Management Inc. owned about 0.07% of Abercrombie & Fitch worth $5,154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in Abercrombie & Fitch during the second quarter worth about $35,000. Farther Finance Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares in the last quarter. Quarry LP grew its holdings in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares in the last quarter. CWM LLC grew its holdings in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after buying an additional 376 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after buying an additional 222 shares in the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the subject of a number of recent research reports. Morgan Stanley lowered 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 report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. UBS Group lifted their price target on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Jefferies Financial Group lifted their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.43.

Insider Transactions at Abercrombie & Fitch

In other news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction on Friday, September 6th. The stock was 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 trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock valued at $4,310,256 over the last 90 days. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $152.00 on Friday. Abercrombie & Fitch Co. has a one year low of $72.13 and a one year high of $196.99. The company has a 50 day moving average price of $142.72 and a 200 day moving average price of $152.96. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 16.10 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities analysts forecast that Abercrombie & Fitch Co. will post 10.35 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.