Versor Investments LP Increases Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Versor Investments LP increased its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 284.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,275 shares of the apparel retailer's stock after buying an additional 10,558 shares during the period. Versor Investments LP's holdings in Abercrombie & Fitch were worth $1,997,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock worth $153,494,000 after acquiring an additional 512,700 shares during the period. Assenagon Asset Management S.A. grew its stake in Abercrombie & Fitch by 2,036.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock worth $74,615,000 after purchasing an additional 399,922 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Abercrombie & Fitch by 613.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer's stock worth $44,694,000 after purchasing an additional 306,616 shares during the period. Driehaus Capital Management LLC raised its position in Abercrombie & Fitch by 283.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer's stock valued at $54,045,000 after purchasing an additional 224,555 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Abercrombie & Fitch by 293.7% in the 2nd quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer's stock valued at $51,043,000 after buying an additional 213,684 shares during the period.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the firm'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 transaction, the executive vice president now directly owns 27,985 shares of the company's stock, valued at approximately $3,676,109.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Abercrombie & Fitch news, 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 transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares of the company's stock, valued at approximately $3,676,109.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred 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 owns 37,470 shares in the company, valued at $5,222,568.60. This trade represents 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 valued at $4,310,256 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ANF. Morgan Stanley reduced their target price 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. Citigroup raised shares of 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. 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 note on Wednesday, September 4th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, UBS Group lowered their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.71.

Abercrombie & Fitch Stock Performance

Shares of ANF stock traded down $3.87 during mid-day trading on Monday, hitting $140.10. 1,351,183 shares of the stock were exchanged, compared to its average volume of 1,459,663. The stock's fifty day simple moving average is $141.62 and its two-hundred day simple moving average is $152.02. Abercrombie & Fitch Co. has a 12-month low of $65.60 and a 12-month high of $196.99. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 14.84 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, research analysts expect that Abercrombie & Fitch Co. will post 10.26 earnings per share 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.