Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 462.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,155 shares of the apparel retailer's stock after buying an additional 5,060 shares during the period. Meeder Asset Management Inc.'s holdings in Abercrombie & Fitch were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC increased its holdings in Abercrombie & Fitch by 960.9% in the 3rd quarter. Quest Partners LLC now owns 2,493 shares of the apparel retailer's stock worth $349,000 after purchasing an additional 2,258 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer's stock valued at $3,864,000 after purchasing an additional 19,222 shares during the last quarter. Royce & Associates LP boosted its position in Abercrombie & Fitch by 14.0% during the third quarter. Royce & Associates LP now owns 7,457 shares of the apparel retailer's stock valued at $1,043,000 after acquiring an additional 916 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Abercrombie & Fitch by 24.6% during the 3rd quarter. Victory Capital Management Inc. now owns 36,838 shares of the apparel retailer's stock worth $5,154,000 after acquiring an additional 7,267 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $1,081,000.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $5.77 during mid-day trading on Wednesday, hitting $136.81. The company had a trading volume of 1,236,940 shares, compared to its average volume of 1,667,894. The stock's 50 day moving average price is $142.44 and its 200-day moving average price is $152.88. Abercrombie & Fitch Co. has a 52-week low of $65.60 and a 52-week high of $196.99. The company has a market capitalization of $6.99 billion, a P/E ratio of 14.49 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts expect that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the chief financial officer now owns 106,455 shares of the company's stock, valued at approximately $15,627,594. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Helen Mccluskey sold 3,500 shares of the firm's 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 transaction, the director now owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 8.54 % 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 valued at $4,310,256 over the last ninety days. 2.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ANF. UBS Group increased their price target on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Finally, Jefferies Financial Group raised their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $177.43.

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.