22,190 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Lmcg Investments LLC

Lmcg Investments LLC purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,190 shares of the apparel retailer's stock, valued at approximately $3,104,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Matrix Trust Co acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its holdings in Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after buying an additional 123 shares in the last quarter. Quarry LP grew 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 buying an additional 170 shares during the period. CWM LLC increased its holdings in Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer's stock valued at $94,000 after buying an additional 376 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock worth $110,000 after acquiring an additional 222 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANF. Morgan Stanley reduced their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a report on Thursday, August 29th. UBS Group dropped their price target 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. Citigroup raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Friday, August 30th. Argus cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Three equities research 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $176.71.

Abercrombie & Fitch Trading Down 0.4 %

ANF stock traded down $0.53 during mid-day trading on Friday, reaching $131.26. The company's stock had a trading volume of 920,431 shares, compared to its average volume of 1,689,711. The stock has a market cap of $6.70 billion, a PE ratio of 13.90 and a beta of 1.49. The company's 50 day moving average is $142.90 and its two-hundred day moving average is $150.62. Abercrombie & Fitch Co. has a fifty-two week low of $62.23 and a fifty-two week high of $196.99.

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 firm had revenue of $1.13 billion for 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%. On average, analysts forecast that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch 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 completion of the sale, the chief financial officer now owns 106,455 shares of the company's stock, valued at $15,627,594. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 in the last 90 days. Insiders own 2.58% of the company's stock.

About Abercrombie & Fitch

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.