Paloma Partners Management Co Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Paloma Partners Management Co bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,655 shares of the apparel retailer's stock, valued at approximately $791,000.

Several other institutional investors have also recently made changes to their positions in ANF. Marshall Wace LLP increased its holdings in Abercrombie & Fitch by 16.0% in the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock valued at $155,281,000 after buying an additional 120,509 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Abercrombie & Fitch by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock valued at $121,733,000 after purchasing an additional 60,022 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Abercrombie & Fitch by 146.3% in the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock worth $153,494,000 after purchasing an additional 512,700 shares during the period. Fisher Asset Management LLC boosted its position in Abercrombie & Fitch by 3.0% during the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer's stock worth $79,719,000 after purchasing an additional 16,754 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Abercrombie & Fitch in the third quarter valued at approximately $73,048,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ANF shares. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group increased 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. Three investment 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.14.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction on Thursday, September 5th. The shares were 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 trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,072 shares of company stock valued at $5,161,597. 2.58% of the stock is currently owned by insiders.

Abercrombie & Fitch Stock Down 1.5 %

ANF traded down $2.34 during trading on Tuesday, reaching $154.97. The company's stock had a trading volume of 1,614,143 shares, compared to its average volume of 1,754,712. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 15.33 and a beta of 1.52. The firm has a fifty day simple moving average of $144.31 and a two-hundred day simple moving average of $154.02. Abercrombie & Fitch Co. has a 1 year low of $75.69 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The firm's revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts forecast that Abercrombie & Fitch Co. will post 10.52 EPS for the current fiscal year.

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.