Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 233.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,291 shares of the apparel retailer's stock after acquiring an additional 61,798 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.17% of Abercrombie & Fitch worth $12,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its stake in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer's stock worth $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Abercrombie & Fitch by 146.3% in the second 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 last quarter. Hennessy Advisors Inc. increased its position in shares of Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock worth $89,347,000 after purchasing an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer's stock valued at $81,915,000 after purchasing an additional 20,616 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer's stock worth $56,969,000 after purchasing an additional 141,788 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on ANF. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Friday, August 30th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Argus cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. 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 report on Thursday, August 29th. Finally, UBS Group cut their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $176.71.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred on 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 of the company's stock, 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 have sold 31,541 shares of company stock worth $4,310,256 in the last quarter. Corporate insiders own 2.58% of the company's stock.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded up $6.26 during midday trading on Thursday, hitting $141.56. 1,528,034 shares of the company were exchanged, compared to its average volume of 1,685,466. The firm has a market capitalization of $7.23 billion, a PE ratio of 14.35 and a beta of 1.50. Abercrombie & Fitch Co. has a fifty-two week low of $65.34 and a fifty-two week high of $196.99. The business has a fifty day simple moving average of $141.71 and a two-hundred day simple moving average of $151.40.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. As a group, equities analysts expect that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current 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.