Harbor Capital Advisors Inc. Purchases New Shares in Abercrombie & Fitch Co. (NYSE:ANF)

Harbor Capital Advisors Inc. purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,753 shares of the apparel retailer's stock, valued at approximately $3,603,000. Harbor Capital Advisors Inc. owned 0.05% of Abercrombie & Fitch as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch during the second quarter worth approximately $35,000. Farther Finance Advisors LLC increased its stake in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 123 shares during the period. Quarry LP raised its holdings in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer's stock valued at $50,000 after acquiring an additional 170 shares in the last quarter. CWM LLC lifted its position in shares of 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 acquiring an additional 376 shares during the period. Finally, GAMMA Investing LLC grew its holdings 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 purchasing an additional 222 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on ANF shares. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. UBS Group cut their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Morgan Stanley lowered their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reissued an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, Jefferies Financial Group lifted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Abercrombie & Fitch 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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $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 available through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now owns 37,470 shares of the company's stock, valued at approximately $5,222,568.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 over the last quarter. Insiders own 2.58% of the company's stock.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF traded up $6.54 during trading on Monday, reaching $137.80. The stock had a trading volume of 1,765,441 shares, compared to its average volume of 1,690,199. Abercrombie & Fitch Co. has a 52 week low of $64.87 and a 52 week high of $196.99. The firm's fifty day moving average is $142.90 and its 200 day moving average is $151.13. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 14.60 and a beta of 1.50.

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

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.