Centiva Capital LP Purchases 6,541 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Centiva Capital LP grew its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 67.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,289 shares of the apparel retailer's stock after purchasing an additional 6,541 shares during the quarter. Centiva Capital LP's holdings in Abercrombie & Fitch were worth $2,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westfield Capital Management Co. LP acquired a new position in Abercrombie & Fitch in the third quarter valued at $73,048,000. Renaissance Technologies LLC lifted its stake in shares of Abercrombie & Fitch by 146.3% in the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock valued at $153,494,000 after purchasing an additional 512,700 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Abercrombie & Fitch by 2,036.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock valued at $74,615,000 after purchasing an additional 399,922 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Abercrombie & Fitch by 283.0% during the second quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer's stock worth $54,045,000 after purchasing an additional 224,555 shares during the period. Finally, Bank of Montreal Can increased its holdings in Abercrombie & Fitch by 293.7% in the second quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer's stock worth $51,043,000 after purchasing an additional 213,684 shares in the last quarter.

Abercrombie & Fitch Stock Performance

ANF traded down $2.26 during midday trading on Tuesday, reaching $155.05. The company had a trading volume of 1,060,468 shares, compared to its average volume of 1,699,891. The stock has a market cap of $7.92 billion, a PE ratio of 15.40 and a beta of 1.52. Abercrombie & Fitch Co. has a 12-month low of $75.69 and a 12-month high of $196.99. The business has a 50-day moving average price of $144.31 and a two-hundred day moving average price of $154.02.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.19. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share. On average, research analysts anticipate that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ANF shares. UBS Group upped their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Jefferies Financial Group upped their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. 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 research note on Friday, October 4th. Finally, Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.14.

Insider Buying and Selling

In related news, Director Helen Mccluskey sold 3,500 shares of the company's 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 completion of the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares of the company's stock, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by 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.