Lisanti Capital Growth LLC Trims Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Lisanti Capital Growth LLC cut its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 90.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,770 shares of the apparel retailer's stock after selling 25,090 shares during the quarter. Lisanti Capital Growth LLC's holdings in Abercrombie & Fitch were worth $388,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Chartwell Investment Partners LLC lifted its position in Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer's stock valued at $1,322,000 after buying an additional 74 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Abercrombie & Fitch by 0.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 19,992 shares of the apparel retailer's stock worth $2,797,000 after purchasing an additional 124 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Abercrombie & Fitch by 51.2% during the third quarter. Crossmark Global Holdings Inc. now owns 5,094 shares of the apparel retailer's stock valued at $713,000 after purchasing an additional 1,726 shares in the last quarter. Colonial River Investments LLC bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $337,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $335,000.

Abercrombie & Fitch Stock Performance

Shares of ANF stock traded down $0.32 on Tuesday, reaching $139.93. 1,141,454 shares of the company's stock traded hands, compared to its average volume of 1,680,374. The company has a market capitalization of $7.15 billion, a P/E ratio of 14.67 and a beta of 1.50. Abercrombie & Fitch Co. has a 12-month low of $65.60 and a 12-month high of $196.99. The business's 50 day moving average price is $141.47 and its two-hundred day moving average price is $152.19.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.09 billion. Research analysts predict that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Helen Mccluskey sold 3,500 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANF. UBS Group reduced their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Telsey Advisory Group restated an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Jefferies Financial Group raised their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Finally, Morgan Stanley dropped their price target 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.71.

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.