Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 18.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 278,221 shares of the apparel retailer's stock after buying an additional 43,117 shares during the quarter. Abercrombie & Fitch accounts for about 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 20th biggest position. Systematic Financial Management LP owned 0.54% of Abercrombie & Fitch worth $38,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA lifted its holdings in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after buying an additional 272 shares in the last quarter. Quarry LP boosted its position in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after buying an additional 170 shares during the period. CWM LLC increased its position in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock worth $94,000 after acquiring an additional 376 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock valued at $110,000 after acquiring an additional 222 shares in the last quarter.

Insider Activity at Abercrombie & Fitch

In related news, EVP Samir Desai sold 5,926 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares of the company's stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the firm's stock in a transaction that occurred on 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 directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,572 shares of company stock worth $4,673,767 in the last three months. Company insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ANF shares. 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 note on Wednesday, September 4th. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Citigroup raised shares of 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. Telsey Advisory Group restated an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lifted 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch has an average rating of "Moderate Buy" and a consensus price target of $178.14.

Abercrombie & Fitch Trading Down 7.4 %

ANF traded down $11.89 during midday trading on Thursday, hitting $149.63. 2,097,480 shares of the company were exchanged, compared to its average volume of 1,702,260. The company's 50 day simple moving average is $145.04 and its 200 day simple moving average is $154.18. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 15.06 and a beta of 1.52. Abercrombie & Fitch Co. has a 1-year low of $76.82 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. 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 company earned $1.83 earnings per share. Abercrombie & Fitch's revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Abercrombie & Fitch Co. will post 10.52 EPS 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.