DGS Capital Management LLC Takes $211,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

DGS Capital Management LLC bought a new position in Abercrombie & Fitch Co. (NYSE:ANF) in the third quarter, HoldingsChannel.com reports. The fund bought 1,508 shares of the apparel retailer’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares in the last quarter. Quarry LP grew its holdings in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the last quarter. Private Trust Co. NA increased its position in shares of Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares in the last quarter. CWM LLC lifted its holdings in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Raymond James started coverage on Abercrombie & Fitch in a research note on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective on the stock. Morgan Stanley raised their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, UBS Group upped their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus price target of $178.38.

Insider Activity at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now directly owns 6,405 shares of the company’s stock, valued at $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Scott D. Lipesky sold 8,605 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock worth $2,631,741 over the last ninety days. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Up 3.7 %

ANF stock opened at $142.62 on Friday. Abercrombie & Fitch Co. has a twelve month low of $82.60 and a twelve month high of $196.99. The company has a market cap of $7.18 billion, a P/E ratio of 14.11 and a beta of 1.52. The business has a fifty day moving average of $145.54 and a 200-day moving average of $153.95.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 EPS. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current fiscal 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.