Range Financial Group LLC Has $1.86 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Range Financial Group LLC lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 29.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,447 shares of the apparel retailer's stock after selling 4,455 shares during the period. Abercrombie & Fitch comprises 0.9% of Range Financial Group LLC's holdings, making the stock its 24th biggest holding. Range Financial Group LLC's holdings in Abercrombie & Fitch were worth $1,858,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ANF. Hennessy Advisors Inc. boosted its holdings in shares of Abercrombie & Fitch by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock valued at $89,347,000 after acquiring an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp raised its position in Abercrombie & Fitch by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer's stock valued at $81,915,000 after purchasing an additional 20,616 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Abercrombie & Fitch by 45.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer's stock valued at $56,969,000 after purchasing an additional 141,788 shares in the last quarter. Norges Bank bought a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $37,632,000. Finally, Assenagon Asset Management S.A. raised its holdings in 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 valued at $74,615,000 after buying an additional 399,922 shares during the last quarter.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company's stock, valued at $15,627,594. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.77% of the stock is owned by corporate insiders.

Abercrombie & Fitch Trading Down 1.3 %

Abercrombie & Fitch stock traded down $1.83 during trading hours on Thursday, reaching $137.83. 1,506,524 shares of the company's stock were exchanged, compared to its average volume of 1,710,861. The firm has a market capitalization of $7.04 billion, a PE ratio of 17.37 and a beta of 1.54. 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's 50 day simple moving average is $158.87 and its 200 day simple moving average is $145.85. Abercrombie & Fitch Co. has a twelve month low of $49.24 and a twelve month high of $196.99.

Analyst Ratings Changes

ANF has been the topic of several recent research reports. UBS Group cut their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Argus downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Jefferies Financial Group raised their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and upped their price target for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Finally, Morgan Stanley decreased their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $179.14.

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.