State of Alaska Department of Revenue Has $825,000 Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

State of Alaska Department of Revenue reduced its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 80.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the apparel retailer's stock after selling 24,197 shares during the quarter. State of Alaska Department of Revenue's holdings in Abercrombie & Fitch were worth $825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANF. Matrix Trust Co purchased a new position in Abercrombie & Fitch during the second quarter worth $35,000. Quarry LP increased its position in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock worth $50,000 after buying an additional 170 shares in the last quarter. CWM LLC grew its position in shares of 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 purchasing an additional 376 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock valued at $112,000 after purchasing an additional 624 shares during the period. Finally, Plato Investment Management Ltd grew its position in shares of Abercrombie & Fitch by 66.1% in the second quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer's stock valued at $132,000 after purchasing an additional 295 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup raised Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Telsey Advisory Group restated an "outperform" rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Finally, UBS Group cut their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $176.71.

Insiders Place Their Bets

In other news, EVP Samir Desai sold 19,041 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction 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 sale, the director now owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 over the last ninety days. Company insiders own 2.58% of the company's stock.

Abercrombie & Fitch Stock Down 1.5 %

Shares of NYSE:ANF traded down $2.05 during trading on Wednesday, hitting $135.30. 1,640,831 shares of the company traded hands, compared to its average volume of 1,687,217. Abercrombie & Fitch Co. has a one year low of $65.34 and a one year high of $196.99. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 14.55 and a beta of 1.50. The business's fifty day moving average is $141.77 and its 200-day moving average is $151.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) 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 business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. On average, analysts forecast that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Abercrombie & Fitch Company 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.