Neo Ivy Capital Management Takes $970,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Neo Ivy Capital Management purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,934 shares of the apparel retailer's stock, valued at approximately $970,000.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in Abercrombie & Fitch by 242.6% in the 2nd 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 period. Sequoia Financial Advisors LLC grew its position in Abercrombie & Fitch by 14.2% during the second quarter. Sequoia Financial Advisors LLC now owns 2,196 shares of the apparel retailer's stock worth $391,000 after buying an additional 273 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Abercrombie & Fitch by 481.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,613 shares of the apparel retailer's stock valued at $1,710,000 after acquiring an additional 7,960 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in Abercrombie & Fitch in the 2nd quarter valued at approximately $320,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Abercrombie & Fitch by 2,036.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock worth $74,615,000 after acquiring an additional 399,922 shares during the period.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the sale, the chief operating officer now owns 97,850 shares of the company's stock, valued at approximately $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock worth $2,631,741 in the last quarter. Insiders own 2.58% of the company's stock.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded up $0.24 during trading hours on Thursday, hitting $137.45. 1,651,925 shares of the company's stock were exchanged, compared to its average volume of 1,709,442. The stock's 50-day moving average is $145.62 and its 200-day moving average is $153.99. Abercrombie & Fitch Co. has a 52 week low of $82.60 and a 52 week high of $196.99. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 13.60 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the company posted $1.83 EPS. The company's quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ANF. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Finally, Morgan Stanley upped their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.38.

Abercrombie & Fitch 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.