Versor Investments LP Reduces Position in Abercrombie & Fitch Co. (NYSE:ANF)

Versor Investments LP cut its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 63.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,717 shares of the apparel retailer's stock after selling 6,428 shares during the quarter. Versor Investments LP's holdings in Abercrombie & Fitch were worth $661,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Matrix Trust Co bought a new stake in shares of Abercrombie & Fitch in the second quarter worth about $35,000. Spire Wealth Management lifted its holdings in shares of Abercrombie & Fitch by 51.4% during the 1st 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 last quarter. USA Financial Formulas raised its stake in Abercrombie & Fitch by 1,227.7% in the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 798 shares during the last quarter. CWM LLC raised its stake in Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer's stock worth $94,000 after acquiring an additional 376 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Abercrombie & Fitch in the 1st quarter worth $120,000.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded down $3.28 during midday trading on Wednesday, reaching $139.66. 1,581,558 shares of the stock traded hands, compared to its average volume of 1,712,053. Abercrombie & Fitch Co. has a fifty-two week low of $49.24 and a fifty-two week high of $196.99. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 17.33 and a beta of 1.54. The firm has a fifty day moving average price of $159.55 and a two-hundred day moving average price of $145.89. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,300 shares of the firm's stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total value of $223,093.00. Following the completion of the transaction, the director now owns 5,880 shares of the company's stock, valued at $1,009,066.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Kenneth B. Robinson sold 1,300 shares of the firm's stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the sale, the director now owns 5,880 shares in the company, valued at approximately $1,009,066.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm'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 transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. The disclosure for this sale can be found here. Insiders own 3.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ANF shares. UBS Group lowered their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $167.00 to $194.00 in a research note on Monday, July 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $208.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, August 28th. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday, August 30th. Finally, Morgan Stanley reduced their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $179.14.

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.