Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 43.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,759 shares of the apparel retailer's stock after selling 153,851 shares during the period. Jupiter Asset Management Ltd. owned about 0.40% of Abercrombie & Fitch worth $36,059,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Matrix Trust Co purchased a new stake in Abercrombie & Fitch during the 2nd quarter worth about $35,000. Spire Wealth Management increased its holdings in Abercrombie & Fitch by 51.4% during the 1st 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 increased its holdings in Abercrombie & Fitch by 242.6% during the 2nd 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 purchased a new stake in Abercrombie & Fitch during the 1st quarter worth about $120,000. Finally, Daiwa Securities Group Inc. increased its holdings in Abercrombie & Fitch by 85.7% during the 1st 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.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF traded up $6.19 during trading hours on Thursday, reaching $137.40. The stock had a trading volume of 1,660,010 shares, compared to its average volume of 1,718,263. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 17.09 and a beta of 1.50. 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 fifty-two week low of $49.24 and a fifty-two week high of $196.99. The firm has a 50-day moving average of $153.32 and a 200-day moving average of $146.24.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" 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 price objective on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Argus downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Finally, Jefferies Financial Group increased their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $176.57.

Insider Activity at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 106,455 shares of the company's stock, valued at approximately $15,627,594. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Samir Desai sold 19,041 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares of the company's stock, valued at $3,676,109.60. The transaction was disclosed in a filing with the SEC, which is available at 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 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 sold a total of 31,541 shares of company stock valued at $4,310,256 in the last three months. 3.77% of the stock is currently owned by company insiders.

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.