O Neil Global Advisors Inc. acquired a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,140 shares of the apparel retailer's stock, valued at approximately $2,337,000. Abercrombie & Fitch comprises 1.1% of O Neil Global Advisors Inc.'s investment portfolio, making the stock its 16th largest holding.
Other institutional investors and hedge funds have also bought and sold shares of the company. Truist Financial Corp purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at about $472,000. Natixis Advisors L.P. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $988,000. Massachusetts Financial Services Co. MA bought a new stake in Abercrombie & Fitch in the 4th quarter worth approximately $1,393,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Abercrombie & Fitch in the fourth quarter worth approximately $256,000. Finally, Quadrant Capital Group LLC grew its position in Abercrombie & Fitch by 31.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,895 shares of the apparel retailer's stock valued at $167,000 after acquiring an additional 452 shares during the last quarter.
Insider Transactions at Abercrombie & Fitch
In related news, Director Helen Mccluskey sold 3,500 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Helen Mccluskey sold 3,500 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares in the company, valued at $5,222,568.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares of the company's stock, valued at $3,676,109.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ANF. Argus lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Morgan Stanley cut their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research 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 target price for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $176.57.
Get Our Latest Stock Analysis on Abercrombie & Fitch
Abercrombie & Fitch Price Performance
NYSE:ANF traded up $4.65 during mid-day trading on Friday, reaching $142.19. 1,650,458 shares of the company's stock traded hands, compared to its average volume of 1,717,880. The company has a 50 day moving average price of $152.73 and a 200-day moving average price of $146.49. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 17.69 and a beta of 1.50. Abercrombie & Fitch Co. has a 12-month low of $49.24 and a 12-month high of $196.99.
Abercrombie & Fitch Company Profile
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Free Report)
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.
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