Entropy Technologies LP Boosts Position in Abercrombie & Fitch Co. (NYSE:ANF)

Entropy Technologies LP lifted its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 273.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,400 shares of the apparel retailer's stock after purchasing an additional 8,350 shares during the quarter. Entropy Technologies LP's holdings in Abercrombie & Fitch were worth $1,595,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock worth $155,281,000 after purchasing an additional 120,509 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock worth $153,494,000 after buying an additional 512,700 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock valued at $89,347,000 after buying an additional 76,900 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Abercrombie & Fitch by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer's stock valued at $81,915,000 after acquiring an additional 20,616 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer's stock worth $56,969,000 after acquiring an additional 141,788 shares during the last quarter.

Abercrombie & Fitch Trading Up 2.2 %

Shares of Abercrombie & Fitch stock traded up $3.11 during trading hours on Wednesday, reaching $143.04. The stock had a trading volume of 832,632 shares, compared to its average volume of 1,676,523. Abercrombie & Fitch Co. has a twelve month low of $65.60 and a twelve month high of $196.99. The firm has a market capitalization of $7.31 billion, a PE ratio of 15.21 and a beta of 1.50. The stock's 50 day moving average is $141.42 and its 200 day moving average is $152.32.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ANF shares. Telsey Advisory Group restated an "outperform" rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Morgan Stanley decreased their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. UBS Group decreased their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Finally, Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.71.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now directly owns 37,470 shares of the company's stock, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Helen Mccluskey sold 3,500 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the firm'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 completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is owned by corporate insiders.

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.