Assenagon Asset Management S.A. Reduces Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Assenagon Asset Management S.A. trimmed its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 76.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,776 shares of the apparel retailer's stock after selling 321,784 shares during the period. Assenagon Asset Management S.A. owned about 0.19% of Abercrombie & Fitch worth $13,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ANF. Matrix Trust Co bought a new stake in Abercrombie & Fitch during the second quarter valued at $35,000. Quarry LP boosted its position in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after acquiring an additional 170 shares during the last quarter. CWM LLC boosted its position in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock valued at $94,000 after acquiring an additional 376 shares during the last quarter. GAMMA Investing LLC boosted its position in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock valued at $110,000 after acquiring an additional 222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock valued at $112,000 after acquiring an additional 624 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on ANF. Argus cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, July 11th. Telsey Advisory Group reissued an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Morgan Stanley cut 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 research report on Thursday, August 29th. Finally, UBS Group cut 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 report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.71.

Insider Activity

In related news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were 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 owns 106,455 shares in the company, valued at $15,627,594. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Scott D. Lipesky sold 9,000 shares of the firm's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the transaction, the executive vice president now directly owns 27,985 shares of the company's stock, valued at $3,676,109.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock worth $4,310,256 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Abercrombie & Fitch Trading Down 0.8 %

Shares of ANF stock traded down $1.11 during mid-day trading on Friday, reaching $141.53. The stock had a trading volume of 1,741,536 shares, compared to its average volume of 1,702,508. The stock's 50-day moving average price is $146.16 and its two-hundred day moving average price is $150.39. Abercrombie & Fitch Co. has a 52-week low of $57.78 and a 52-week high of $196.99. The firm has a market capitalization of $7.23 billion, a PE ratio of 17.60 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. On average, equities research analysts forecast that Abercrombie & Fitch Co. will post 10.26 earnings per share 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.