Bank of New York Mellon Corp Buys 6,836 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Bank of New York Mellon Corp raised its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,106 shares of the apparel retailer’s stock after purchasing an additional 6,836 shares during the quarter. Bank of New York Mellon Corp’s holdings in Abercrombie & Fitch were worth $18,844,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ANF. First Command Bank bought a new position in shares of Abercrombie & Fitch in the second quarter valued at $34,000. Cerity Partners LLC bought a new position in shares of Abercrombie & Fitch in the 1st quarter valued at about $1,056,000. Quarry LP acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $29,000. Advisory Services Network LLC raised its holdings in shares of Abercrombie & Fitch by 985.0% in the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 985 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at about $95,000.

Analysts Set New Price Targets

Several analysts have issued reports on ANF shares. JPMorgan Chase & Co. upped their price objective on Abercrombie & Fitch from $45.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, August 24th. UBS Group increased their price target on Abercrombie & Fitch from $42.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 24th. TheStreet raised shares of Abercrombie & Fitch from a “c” rating to a “b” rating in a research report on Wednesday, August 23rd. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Finally, Citigroup raised their target price on shares of Abercrombie & Fitch from $33.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.14.

Insiders Place Their Bets

In other news, SVP Gregory J. Henchel sold 27,910 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $51.05, for a total transaction of $1,424,805.50. Following the sale, the senior vice president now directly owns 35,931 shares of the company’s stock, valued at approximately $1,834,277.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Abercrombie & Fitch news, SVP Gregory J. Henchel sold 27,910 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $51.05, for a total value of $1,424,805.50. Following the sale, the senior vice president now owns 35,931 shares of the company’s stock, valued at approximately $1,834,277.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth B. Robinson sold 2,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $51.84, for a total value of $103,680.00. Following the sale, the director now owns 9,180 shares of the company’s stock, valued at $475,891.20. The disclosure for this sale can be found here. Insiders have sold a total of 260,544 shares of company stock worth $13,236,817 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Trading Up 0.3 %

Shares of Abercrombie & Fitch stock opened at $66.97 on Monday. Abercrombie & Fitch Co. has a 52-week low of $17.32 and a 52-week high of $68.46. The stock has a market cap of $3.37 billion, a PE ratio of 31.44 and a beta of 1.42. The firm has a 50-day moving average of $57.88 and a 200-day moving average of $43.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.87 and a current ratio of 1.40.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, August 23rd. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.17 by $0.93. The company had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $844.07 million. Abercrombie & Fitch had a net margin of 2.85% and a return on equity of 16.69%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the firm earned ($0.30) earnings per share. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 4.43 EPS for the current year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.