Blueshift Asset Management LLC Has $2.63 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Blueshift Asset Management LLC trimmed its position in Abercrombie & Fitch Co. (NYSE:ANF) by 38.6% in the third quarter, according to its most recent Form 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 quarter. Abercrombie & Fitch accounts for 0.7% of Blueshift Asset Management LLC’s portfolio, making the stock its 28th largest position. Blueshift Asset Management LLC’s holdings in Abercrombie & Fitch were worth $2,633,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Abercrombie & Fitch by 45.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after buying an additional 141,788 shares in the last quarter. Comerica Bank boosted its stake in shares of Abercrombie & Fitch by 34.3% during the 1st quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock worth $7,231,000 after buying an additional 14,736 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Abercrombie & Fitch by 209.2% during the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock worth $6,097,000 after purchasing an additional 32,915 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $674,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Abercrombie & Fitch by 64.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 26,944 shares of the apparel retailer’s stock valued at $3,377,000 after buying an additional 10,556 shares during the period.

Insiders Place Their Bets

In related 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 value of $2,501,225.76. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock valued at $4,310,256 in the last ninety days. 2.58% of the stock is currently owned by insiders.

Abercrombie & Fitch Stock Down 5.0 %

NYSE ANF opened at $146.70 on Wednesday. Abercrombie & Fitch Co. has a twelve month low of $72.98 and a twelve month high of $196.99. The business’s fifty day moving average is $143.13 and its 200 day moving average is $153.46. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 15.54 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 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 period last year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts anticipate that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective 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. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. boosted 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. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.43.

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.