Counterpoint Mutual Funds LLC Invests $299,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Counterpoint Mutual Funds LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,384 shares of the apparel retailer’s stock, valued at approximately $299,000.

Other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP boosted its holdings in shares of Abercrombie & Fitch by 355.9% during the third quarter. Trexquant Investment LP now owns 195,866 shares of the apparel retailer’s stock worth $11,041,000 after acquiring an additional 152,907 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $777,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Abercrombie & Fitch by 39.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 153,229 shares of the apparel retailer’s stock valued at $8,638,000 after buying an additional 43,310 shares during the period. Legacy Capital Group California Inc. bought a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $1,125,000. Finally, Teza Capital Management LLC bought a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $598,000.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James A. Goldman sold 4,120 shares of Abercrombie & Fitch stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $176.48, for a total value of $727,097.60. Following the completion of the transaction, the director now directly owns 7,565 shares of the company’s stock, valued at $1,335,071.20. The disclosure for this sale can be found here. Insiders sold a total of 422,120 shares of company stock valued at $48,119,693 in the last three months. Insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded up $0.19 during trading on Wednesday, hitting $173.43. 1,186,418 shares of the company were exchanged, compared to its average volume of 1,620,327. The company has a market capitalization of $8.86 billion, a P/E ratio of 21.36 and a beta of 1.48. Abercrombie & Fitch Co. has a 1-year low of $33.38 and a 1-year high of $196.99. The business’s 50 day moving average is $150.03 and its 200-day moving average is $124.35. The company has a quick ratio of 1.15, a current ratio of 1.64 and a debt-to-equity ratio of 0.20.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.48. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $967.37 million. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. Abercrombie & Fitch’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Equities analysts forecast that Abercrombie & Fitch Co. will post 9.25 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ANF. Citigroup boosted their price target on Abercrombie & Fitch from $150.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. Argus boosted their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley boosted their price objective on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.14.

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.