Amalgamated Bank Increases Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Amalgamated Bank lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 50.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,404 shares of the apparel retailer's stock after acquiring an additional 7,856 shares during the quarter. Amalgamated Bank's holdings in Abercrombie & Fitch were worth $3,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANF. Wolff Wiese Magana LLC lifted its position in shares of Abercrombie & Fitch by 6.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer's stock valued at $150,000 after acquiring an additional 65 shares in the last quarter. Sage Rhino Capital LLC raised its stake in Abercrombie & Fitch by 5.5% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer's stock valued at $301,000 after purchasing an additional 89 shares during the period. Ritholtz Wealth Management lifted its holdings in Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer's stock worth $583,000 after purchasing an additional 115 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 123 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Abercrombie & Fitch by 4.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 3,492 shares of the apparel retailer's stock valued at $489,000 after buying an additional 149 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ANF shares. UBS Group lowered their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group reissued an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Jefferies Financial Group increased their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average target price of $176.71.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 27,985 shares of the company's stock, valued at $3,676,109.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the company's stock in a transaction on Friday, September 6th. The stock was 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 of the company's stock, valued at $3,676,109.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction on 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. This trade represents a 0.00 % 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 worth $4,310,256 over the last quarter. Insiders own 2.58% of the company's stock.

Abercrombie & Fitch Stock Up 1.7 %

ANF traded up $2.41 on Friday, hitting $143.97. The company had a trading volume of 1,223,395 shares, compared to its average volume of 1,445,223. The business's fifty day simple moving average is $141.62 and its 200 day simple moving average is $152.02. Abercrombie & Fitch Co. has a 12-month low of $65.34 and a 12-month high of $196.99. The company has a market cap of $7.35 billion, a PE ratio of 15.25 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. On average, analysts anticipate that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal year.

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.