Abercrombie & Fitch (NYSE:ANF) Trading Down 4%

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) shares were down 4% on Monday . The stock traded as low as $136.26 and last traded at $136.53. Approximately 277,288 shares traded hands during trading, a decline of 84% from the average daily volume of 1,709,672 shares. The stock had previously closed at $142.19.

Wall Street Analyst Weigh In

ANF has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. 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. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $167.00 to $194.00 in a report on Monday, July 22nd. Morgan Stanley reduced their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a report on Thursday, August 29th. Finally, Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $176.57.

Abercrombie & Fitch Stock Down 5.4 %

The firm has a 50-day simple moving average of $151.85 and a 200-day simple moving average of $146.68. The stock has a market cap of $6.87 billion, a PE ratio of 16.73 and a beta of 1.50.

Insider Buying and Selling

In other news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares of the company's stock, valued at $5,222,568.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Samir Desai sold 19,041 shares of the business's 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 in the company, valued at $3,676,109.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction dated 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 transaction, the director now owns 37,470 shares in the company, valued at $5,222,568.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 3.77% of the company's stock.

Institutional Trading of Abercrombie & Fitch

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP increased its position in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock valued at $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Renaissance Technologies LLC grew its position in Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock valued at $153,494,000 after acquiring an additional 512,700 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock worth $89,347,000 after acquiring an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Abercrombie & Fitch by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer's stock worth $81,915,000 after acquiring an additional 20,616 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer's stock worth $56,969,000 after acquiring an additional 141,788 shares during the last quarter.

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.