Renaissance Technologies LLC Has $153.49 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Renaissance Technologies LLC raised its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 146.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 863,100 shares of the apparel retailer's stock after purchasing an additional 512,700 shares during the quarter. Renaissance Technologies LLC owned about 1.69% of Abercrombie & Fitch worth $153,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Hennessy Advisors Inc. increased its stake in shares of Abercrombie & Fitch by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock valued at $89,347,000 after purchasing an additional 76,900 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Abercrombie & Fitch by 4.7% during 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 acquiring an additional 20,616 shares during the period. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 141,788 shares during the period. Norges Bank acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $37,632,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Abercrombie & Fitch by 2,036.5% during the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock valued at $74,615,000 after acquiring an additional 399,922 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANF shares. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $167.00 to $194.00 in a research note on Monday, July 22nd. UBS Group lowered their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Finally, Argus cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $176.57.

Insider Activity

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 completion of the sale, 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 document filed with the SEC, which is available at the SEC website. In related 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 of the company's stock, valued at $5,222,568.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the company's stock in a transaction on Friday, August 30th. The shares were 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 in the company, valued at $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 over the last three months. Insiders own 3.77% of the company's stock.

Abercrombie & Fitch Stock Down 5.4 %

Shares of NYSE ANF traded down $7.68 during mid-day trading on Monday, hitting $134.51. 2,248,339 shares of the company traded hands, compared to its average volume of 1,720,861. Abercrombie & Fitch Co. has a 1 year low of $49.24 and a 1 year high of $196.99. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 16.72 and a beta of 1.50. The business has a 50 day moving average of $152.73 and a two-hundred day moving average of $146.63.

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.