Raymond James & Associates Buys 9,022 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Raymond James & Associates lifted its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 85.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,559 shares of the apparel retailer's stock after purchasing an additional 9,022 shares during the quarter. Raymond James & Associates' holdings in Abercrombie & Fitch were worth $2,736,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wolff Wiese Magana LLC boosted its stake in Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer's stock valued at $150,000 after buying an additional 65 shares in the last quarter. Sage Rhino Capital LLC boosted its stake in Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer's stock valued at $301,000 after buying an additional 89 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer's stock valued at $583,000 after purchasing an additional 115 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Abercrombie & Fitch by 4.5% during the third quarter. Vontobel Holding Ltd. now owns 3,492 shares of the apparel retailer's stock valued at $489,000 after purchasing an additional 149 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of 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 purchasing an additional 170 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was 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 approximately $5,222,568.60. The trade was 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 this hyperlink. In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was 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 approximately $5,222,568.60. The trade was 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 this hyperlink. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch 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 transaction, the executive vice president now owns 27,985 shares in the company, 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 sold 31,541 shares of company stock valued at $4,310,256 over the last quarter. Insiders own 2.58% of the company's stock.

Abercrombie & Fitch Price Performance

ANF traded down $0.45 during trading on Tuesday, reaching $137.35. 1,096,987 shares of the stock traded hands, compared to its average volume of 1,687,433. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 14.55 and a beta of 1.50. Abercrombie & Fitch Co. has a fifty-two week low of $64.87 and a fifty-two week high of $196.99. The stock's 50-day simple moving average is $142.35 and its two-hundred day simple moving average is $151.33.

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, topping analysts' consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Research analysts anticipate that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Citigroup raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a report on Friday, August 30th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Finally, Morgan Stanley dropped 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 note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.71.

Abercrombie & Fitch 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.