Blueshift Asset Management LLC Sells 11,827 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Blueshift Asset Management LLC cut its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 38.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,818 shares of the apparel retailer’s stock after selling 11,827 shares during the period. Abercrombie & Fitch accounts for 0.7% of Blueshift Asset Management LLC’s holdings, making the stock its 28th biggest holding. Blueshift Asset Management LLC’s holdings in Abercrombie & Fitch were worth $2,633,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its position in shares of Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after purchasing an additional 65 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after buying an additional 74 shares during the period. Atria Investments Inc raised its position in shares of Abercrombie & Fitch by 5.4% in the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after acquiring an additional 80 shares in the last quarter. Sage Rhino Capital LLC lifted its position in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after buying an additional 89 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after acquiring an additional 115 shares during the last quarter.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of the company’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 transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by insiders.

Abercrombie & Fitch Stock Down 5.0 %

ANF opened at $146.70 on Wednesday. The business has a 50 day moving average price of $143.13 and a two-hundred day moving average price of $153.46. Abercrombie & Fitch Co. has a 52 week low of $72.98 and a 52 week high of $196.99. The company has a market cap of $7.49 billion, a PE ratio of 15.54 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $1.83 EPS. Abercrombie & Fitch’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ANF. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. 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. Telsey Advisory Group restated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday. UBS Group boosted 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. Finally, Morgan Stanley reduced their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.