Divisadero Street Capital Management LP Has $67.89 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Divisadero Street Capital Management LP grew its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 381,755 shares of the apparel retailer's stock after purchasing an additional 7,854 shares during the period. Abercrombie & Fitch makes up approximately 10.3% of Divisadero Street Capital Management LP's holdings, making the stock its 2nd largest holding. Divisadero Street Capital Management LP owned approximately 0.75% of Abercrombie & Fitch worth $67,891,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Matrix Trust Co acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth approximately $35,000. 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 valued at $94,000 after purchasing an additional 376 shares in the last quarter. Plato Investment Management Ltd increased its holdings in Abercrombie & Fitch by 66.1% during the 2nd quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer's stock valued at $132,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Abercrombie & Fitch in the first quarter worth $120,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Abercrombie & Fitch during the second quarter worth $195,000.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred 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 approximately $15,627,594. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Abercrombie & Fitch 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 sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm'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 transaction of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company's stock, valued at $15,627,594. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. Company insiders own 3.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. UBS Group dropped their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Morgan Stanley decreased their price objective on 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. Finally, Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $176.57.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded up $2.46 on Friday, hitting $141.78. 2,072,652 shares of the company's stock traded hands, compared to its average volume of 1,720,642. Abercrombie & Fitch Co. has a one year low of $49.24 and a one year high of $196.99. The stock has a market capitalization of $7.25 billion, a PE ratio of 17.67 and a beta of 1.50. The firm's 50-day moving average price is $149.50 and its two-hundred day moving average price is $146.58.

Abercrombie & Fitch 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.