Dynamic Technology Lab Private Ltd Increases Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Dynamic Technology Lab Private Ltd raised its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 34.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,676 shares of the apparel retailer’s stock after purchasing an additional 9,750 shares during the quarter. Abercrombie & Fitch accounts for approximately 0.6% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 7th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Abercrombie & Fitch were worth $5,271,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in Abercrombie & Fitch by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock worth $79,719,000 after purchasing an additional 16,754 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Abercrombie & Fitch by 328.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,000 shares of the apparel retailer’s stock worth $420,000 after buying an additional 2,300 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Abercrombie & Fitch during the third quarter valued at $73,048,000. Alpha DNA Investment Management LLC raised its holdings in shares of Abercrombie & Fitch by 56.8% in the third quarter. Alpha DNA Investment Management LLC now owns 3,604 shares of the apparel retailer’s stock valued at $504,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Abercrombie & Fitch by 11.1% in the third quarter. Algert Global LLC now owns 40,438 shares of the apparel retailer’s stock worth $5,657,000 after acquiring an additional 4,029 shares during the period.

Abercrombie & Fitch Trading Up 7.4 %

NYSE:ANF opened at $151.99 on Monday. The company has a market capitalization of $7.76 billion, a P/E ratio of 16.10 and a beta of 1.50. Abercrombie & Fitch Co. has a 12 month low of $72.13 and a 12 month high of $196.99. The firm has a fifty day simple moving average of $142.72 and a 200-day simple moving average of $153.30.

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 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 return on equity of 47.35% and a net margin of 10.76%. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.35 EPS for the current year.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. This trade represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, the executive vice president now owns 27,985 shares in the company, 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 quarter. 2.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Jefferies Financial Group upped their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley cut their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.43.

Abercrombie & Fitch 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.