Raymond James & Associates Purchases 9,022 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Raymond James & Associates lifted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 85.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,559 shares of the apparel retailer’s stock after buying an additional 9,022 shares during the quarter. Raymond James & Associates’ holdings in Abercrombie & Fitch were worth $2,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANF. Matrix Trust Co acquired a new position in Abercrombie & Fitch during the second quarter worth about $35,000. Quarry LP raised its stake 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 acquiring an additional 170 shares in the last quarter. CWM LLC raised its stake in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after acquiring an additional 376 shares in the last quarter. GAMMA Investing LLC raised its stake in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after acquiring an additional 222 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after purchasing an additional 624 shares during the last quarter.

Insider Activity

In related news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Scott D. Lipesky sold 9,000 shares of the 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 sale, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This trade represents 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. Corporate insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

ANF has been the subject of a number of recent analyst reports. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Jefferies Financial Group raised their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. 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 report on Thursday, August 29th. Finally, Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.71.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $137.80 on Tuesday. The stock has a 50-day moving average of $142.90 and a two-hundred day moving average of $151.13. Abercrombie & Fitch Co. has a one year low of $64.87 and a one year high of $196.99. The stock has a market cap of $7.04 billion, a P/E ratio of 14.60 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Analysts predict that Abercrombie & Fitch Co. will post 10.26 EPS for the current fiscal 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.