BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,036 shares of the apparel retailer's stock, valued at approximately $718,000.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Abercrombie & Fitch by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer's stock worth $2,244,000 after buying an additional 93 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Abercrombie & Fitch by 51.4% during the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer's stock valued at $39,000 after purchasing an additional 107 shares during the period. National Bank of Canada FI increased its holdings in shares of Abercrombie & Fitch by 1.6% during the fourth quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer's stock valued at $780,000 after purchasing an additional 132 shares during the period. Petra Financial Advisors Inc. raised its stake in shares of Abercrombie & Fitch by 3.0% during the second quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer's stock valued at $1,085,000 after purchasing an additional 176 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in Abercrombie & Fitch in the second quarter worth about $35,000.

Abercrombie & Fitch Trading Down 3.2 %

Shares of ANF stock traded down $4.71 during trading hours on Tuesday, reaching $142.86. 1,747,588 shares of the stock traded hands, compared to its average volume of 1,712,771. The business has a fifty day moving average price of $160.16 and a 200 day moving average price of $145.73. Abercrombie & Fitch Co. has a 1-year low of $49.24 and a 1-year high of $196.99. The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7.30 billion, a PE ratio of 18.35 and a beta of 1.54.

Analyst Ratings Changes

ANF has been the topic of several research analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $208.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 28th. Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, May 29th. UBS Group cut their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Argus cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.43.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director Kenneth B. Robinson sold 1,300 shares of the firm's stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total value of $223,093.00. Following the completion of the sale, the director now owns 5,880 shares of the company's stock, valued at $1,009,066.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.77% of the company's stock.

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.