Asset Management One Co. Ltd. Acquires 8,438 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Asset Management One Co. Ltd. increased its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 1,718.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,929 shares of the apparel retailer's stock after buying an additional 8,438 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Abercrombie & Fitch were worth $1,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ANF. Matrix Trust Co bought a new position in Abercrombie & Fitch in the second quarter valued at about $35,000. Farther Finance Advisors LLC raised its position in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Quarry LP raised its position in Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after purchasing an additional 170 shares during the last quarter. CWM LLC raised its position in Abercrombie & Fitch by 242.6% in the second 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. raised 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 purchasing an additional 624 shares during the last quarter.

Analysts Set New Price Targets

ANF has been the subject of several research reports. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Morgan Stanley lowered their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. UBS Group lowered their price objective on 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, Telsey Advisory Group restated an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $176.71.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the firm'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 value of $487,830.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now owns 106,455 shares of the company's stock, valued at $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,541 shares of company stock valued at $4,310,256. Company insiders own 2.58% of the company's stock.

Abercrombie & Fitch Trading Down 2.7 %

NYSE ANF traded down $3.87 during trading hours on Monday, hitting $140.10. 1,351,183 shares of the company's stock were exchanged, compared to its average volume of 1,459,663. The stock has a 50-day simple moving average of $141.62 and a 200 day simple moving average of $152.02. Abercrombie & Fitch Co. has a 1-year low of $65.60 and a 1-year high of $196.99. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 14.84 and a beta of 1.50.

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