Acadian Asset Management LLC Boosts Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Acadian Asset Management LLC raised its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 4,286.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 181,525 shares of the apparel retailer's stock after buying an additional 177,387 shares during the period. Acadian Asset Management LLC owned about 0.36% of Abercrombie & Fitch worth $32,267,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Legacy Capital Group California Inc. purchased a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $1,125,000. Natixis Advisors L.P. purchased a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $988,000. Cetera Advisors LLC acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth approximately $674,000. Cetera Investment Advisers boosted its holdings in shares of Abercrombie & Fitch by 209.2% during the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer's stock worth $6,097,000 after purchasing an additional 32,915 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Abercrombie & Fitch by 123.3% during the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer's stock worth $6,026,000 after purchasing an additional 18,707 shares during the last quarter.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Scott D. Lipesky sold 9,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer now owns 106,455 shares of the company's stock, valued at $15,627,594. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction on Thursday, September 5th. The stock was 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 in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. 3.77% of the stock is owned by insiders.

Abercrombie & Fitch Trading Up 1.7 %

ANF traded up $2.29 during trading hours on Monday, reaching $133.22. The company's stock had a trading volume of 1,634,829 shares, compared to its average volume of 1,713,656. Abercrombie & Fitch Co. has a fifty-two week low of $49.24 and a fifty-two week high of $196.99. The stock has a market cap of $6.81 billion, a PE ratio of 16.28 and a beta of 1.50. The business's 50-day moving average is $157.23 and its 200-day moving average is $146.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.44 and a quick ratio of 0.93.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ANF shares. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $167.00 to $194.00 in a report on Monday, July 22nd. Jefferies Financial Group boosted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Finally, UBS Group lowered their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and an average 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.