Banco Santander S.A. Takes $445,000 Position in Abercrombie & Fitch Company $ANF

Banco Santander S.A. purchased a new position in Abercrombie & Fitch Company (NYSE:ANF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,198 shares of the apparel retailer’s stock, valued at approximately $445,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares during the period. Blue Trust Inc. bought a new stake in Abercrombie & Fitch in the third quarter valued at $38,000. Hantz Financial Services Inc. raised its stake in Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 250 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Abercrombie & Fitch by 268.0% during the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after acquiring an additional 485 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after purchasing an additional 569 shares in the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 29,769 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $100.00, for a total value of $2,976,900.00. Following the transaction, the chief executive officer directly owned 308,503 shares in the company, valued at $30,850,300. This represents a 8.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 350,000 shares of company stock worth $34,661,358 over the last ninety days. Insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Stock Down 1.2%

Abercrombie & Fitch stock opened at $97.79 on Monday. The business’s 50-day simple moving average is $106.35 and its 200 day simple moving average is $93.33. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 9.38 and a beta of 1.17. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ANF shares. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $128.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. The Goldman Sachs Group started coverage on shares of Abercrombie & Fitch in a research note on Thursday, December 11th. They set a “buy” rating and a $120.00 price objective on the stock. UBS Group cut their target price on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Morgan Stanley increased their price target on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.90.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.