Zweig DiMenna Associates LLC Makes New $3.39 Million Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Zweig DiMenna Associates LLC purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,200 shares of the apparel retailer's stock, valued at approximately $3,386,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock worth $153,494,000 after buying an additional 512,700 shares during the period. Assenagon Asset Management S.A. lifted its holdings 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. Jupiter Asset Management Ltd. boosted its stake in shares of Abercrombie & Fitch by 613.3% in the 1st quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer's stock valued at $44,694,000 after purchasing an additional 306,616 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Abercrombie & Fitch by 283.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer's stock worth $54,045,000 after purchasing an additional 224,555 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Abercrombie & Fitch by 293.7% during the 2nd quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer's stock worth $51,043,000 after purchasing an additional 213,684 shares in the last quarter.

Analysts Set New Price Targets

ANF has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group restated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Morgan Stanley decreased their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. Finally, Argus downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $176.71.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the 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 sale, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business'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 transaction, the chief financial officer now directly owns 106,455 shares of the company's stock, valued at approximately $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,501,225.76. Following the completion of the sale, the executive vice president now owns 27,985 shares of the company's stock, valued at $3,676,109.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is currently owned by company insiders.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded down $1.49 during mid-day trading on Friday, hitting $141.15. The company's stock had a trading volume of 1,741,232 shares, compared to its average volume of 1,702,508. Abercrombie & Fitch Co. has a one year low of $57.78 and a one year high of $196.99. The company's fifty day simple moving average is $146.64 and its 200-day simple moving average is $149.75. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 17.65 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. On average, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

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.