Algert Global LLC Boosts Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Algert Global LLC lifted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,438 shares of the apparel retailer’s stock after acquiring an additional 4,029 shares during the quarter. Algert Global LLC owned 0.08% of Abercrombie & Fitch worth $5,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC grew its position in Abercrombie & Fitch by 228.9% during the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after buying an additional 19,222 shares during the period. Public Sector Pension Investment Board increased its position in shares of Abercrombie & Fitch by 8.8% during the second quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock valued at $19,986,000 after acquiring an additional 9,061 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the first quarter valued at about $674,000. Wedge Capital Management L L P NC grew its holdings in shares of Abercrombie & Fitch by 37.0% in the third quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock valued at $50,711,000 after purchasing an additional 97,893 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Abercrombie & Fitch by 209.2% in the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after purchasing an additional 32,915 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ANF shares. UBS Group boosted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, August 30th. Morgan Stanley cut their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.43.

Insider Activity at Abercrombie & Fitch

In related news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 106,455 shares in the company, valued at approximately $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. In the last three months, insiders have sold 31,541 shares of company stock valued at $4,310,256. Insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Up 7.4 %

NYSE:ANF opened at $151.99 on Friday. The stock has a market cap of $7.76 billion, a PE ratio of 16.10 and a beta of 1.50. Abercrombie & Fitch Co. has a fifty-two week low of $72.13 and a fifty-two week high of $196.99. The firm’s fifty day simple moving average is $142.72 and its 200-day simple moving average is $153.13.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion for 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%. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current 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.