Lmcg Investments LLC Purchases New Shares in Abercrombie & Fitch Co. (NYSE:ANF)

Lmcg Investments LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,190 shares of the apparel retailer's stock, valued at approximately $3,104,000.

Other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in Abercrombie & Fitch in the first quarter valued at approximately $306,000. Allspring Global Investments Holdings LLC bought a new stake in Abercrombie & Fitch in the first quarter worth $120,000. First Trust Direct Indexing L.P. bought a new stake in Abercrombie & Fitch in the first quarter worth $203,000. Sequoia Financial Advisors LLC acquired a new position in Abercrombie & Fitch during the first quarter worth $241,000. Finally, Mission Wealth Management LP bought a new position in Abercrombie & Fitch during the first quarter valued at about $606,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ANF. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Morgan Stanley lowered their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Argus lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Thursday, July 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.71.

Insider Activity

In other news, CFO Scott D. Lipesky sold 9,000 shares of the company'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 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Abercrombie & Fitch 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 value of $487,830.00. Following the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly 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 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. Corporate insiders own 2.58% of the company's stock.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded down $0.53 during mid-day trading on Friday, hitting $131.26. The company had a trading volume of 920,431 shares, compared to its average volume of 1,689,711. Abercrombie & Fitch Co. has a 12 month low of $62.23 and a 12 month high of $196.99. The firm has a market cap of $6.70 billion, a P/E ratio of 13.90 and a beta of 1.49. The business's 50-day simple moving average is $142.90 and its 200-day simple moving average is $150.62.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 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 return on equity of 47.35% and a net margin of 10.76%. As a group, 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.