Aigen Investment Management LP Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Aigen Investment Management LP acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 7,727 shares of the apparel retailer's stock, valued at approximately $1,081,000.

A number of other large investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board lifted its holdings in Abercrombie & Fitch by 8.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer's stock worth $19,986,000 after purchasing an additional 9,061 shares in the last quarter. Cetera Advisors LLC bought a new stake in Abercrombie & Fitch in the 1st quarter worth approximately $674,000. Wedge Capital Management L L P NC increased its stake in Abercrombie & Fitch by 37.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer's stock worth $50,711,000 after acquiring an additional 97,893 shares during the last quarter. Cetera Investment Advisers increased its stake in Abercrombie & Fitch by 209.2% in the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer's stock worth $6,097,000 after acquiring an additional 32,915 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Abercrombie & Fitch by 123.3% in the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer's stock worth $6,026,000 after acquiring an additional 18,707 shares during the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of research reports. Citigroup raised 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. Morgan Stanley reduced their price objective on 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. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Jefferies Financial Group boosted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.71.

Insider Buying and Selling at Abercrombie & Fitch

In other news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $146.80, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $146.80, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock worth $4,310,256. 2.58% of the stock is owned by insiders.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded up $1.97 during mid-day trading on Wednesday, hitting $141.90. The stock had a trading volume of 1,436,039 shares, compared to its average volume of 1,679,266. Abercrombie & Fitch Co. has a 12-month low of $65.60 and a 12-month high of $196.99. The firm has a market capitalization of $7.25 billion, a P/E ratio of 15.03 and a beta of 1.50. The firm's 50-day moving average is $141.42 and its two-hundred day moving average is $152.32.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Analysts expect that Abercrombie & Fitch Co. will post 10.31 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.