Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 76.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 97,776 shares of the apparel retailer’s stock after selling 321,784 shares during the period. Assenagon Asset Management S.A.’s holdings in Abercrombie & Fitch were worth $13,679,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its holdings in shares of Abercrombie & Fitch by 8.8% during the second quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock valued at $19,986,000 after purchasing an additional 9,061 shares during the last quarter. Cetera Advisors LLC bought a new position in Abercrombie & Fitch during the 1st quarter worth $674,000. Wedge Capital Management L L P NC increased its position in Abercrombie & Fitch by 37.0% in the third quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock worth $50,711,000 after buying an additional 97,893 shares during the period. Cetera Investment Advisers lifted its stake in Abercrombie & Fitch by 209.2% in the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after buying an additional 32,915 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Abercrombie & Fitch by 123.3% in the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock valued at $6,026,000 after purchasing an additional 18,707 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on ANF. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. UBS Group decreased their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.71.

Insider Buying and Selling

In other Abercrombie & Fitch news, 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 directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the company’s 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred 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 sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,541 shares of company stock valued at $4,310,256. 3.77% of the stock is owned by company insiders.

Abercrombie & Fitch Trading Down 0.8 %

Shares of NYSE:ANF opened at $141.53 on Friday. The stock has a market capitalization of $7.23 billion, a PE ratio of 17.60 and a beta of 1.49. The firm has a fifty day moving average price of $146.16 and a 200 day moving average price of $150.13. Abercrombie & Fitch Co. has a 1 year low of $57.78 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.09 billion. On average, sell-side analysts forecast 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.