ClariVest Asset Management LLC Makes New $4.12 Million Investment in Abercrombie & Fitch Co. (NYSE:ANF)

ClariVest Asset Management LLC acquired a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,177 shares of the apparel retailer's stock, valued at approximately $4,122,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in shares of Abercrombie & Fitch during the second quarter valued at $35,000. Spire Wealth Management lifted its holdings in Abercrombie & Fitch by 51.4% in the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer's stock worth $39,000 after purchasing an additional 107 shares during the period. CWM LLC lifted its holdings in Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock worth $94,000 after purchasing an additional 376 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Abercrombie & Fitch in the first quarter worth about $120,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Abercrombie & Fitch by 85.7% in the first quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the apparel retailer's stock worth $163,000 after purchasing an additional 600 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANF. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday. Argus cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, July 11th. Finally, UBS Group dropped their price target 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.57.

Abercrombie & Fitch Stock Up 1.1 %

NYSE:ANF traded up $1.40 on Wednesday, hitting $131.26. 2,111,109 shares of the company's stock traded hands, compared to its average volume of 1,718,591. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch Co. has a 1 year low of $49.24 and a 1 year high of $196.99. The firm has a 50-day moving average price of $154.17 and a 200-day moving average price of $146.30. The company has a market cap of $6.71 billion, a PE ratio of 16.33 and a beta of 1.50.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch 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 owns 106,455 shares of the company's stock, valued at approximately $15,627,594. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 37,470 shares of the company's stock, valued at $5,222,568.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the company'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 sale, the chief financial officer now directly owns 106,455 shares of the company's stock, valued at approximately $15,627,594. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 in the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

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.