Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Algert Global LLC

Algert Global LLC increased its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,438 shares of the apparel retailer’s stock after acquiring an additional 4,029 shares during the period. Algert Global LLC’s holdings in Abercrombie & Fitch were worth $5,657,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC lifted its position in Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after buying an additional 65 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in shares of 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 purchasing an additional 74 shares during the period. Atria Investments Inc raised its stake in shares of Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after purchasing an additional 80 shares during the period. Sage Rhino Capital LLC raised its stake 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 purchasing an additional 89 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of 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 purchasing an additional 115 shares during the period.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction on Friday, September 6th. The shares were 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 owns 27,985 shares in the company, valued at $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 over the last 90 days. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Morgan Stanley dropped 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 note on Thursday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.43.

Abercrombie & Fitch Trading Up 7.4 %

Shares of NYSE:ANF opened at $151.99 on Friday. The company has a fifty day simple moving average of $142.72 and a 200 day simple moving average of $153.13. The firm 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 12-month low of $72.13 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating 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 research analysts forecast that Abercrombie & Fitch Co. will post 10.35 EPS for the current fiscal year.

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.