Envestnet Asset Management Inc. Sells 10,574 Shares of Abercrombie & Fitch Company $ANF

Envestnet Asset Management Inc. trimmed its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 11.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,973 shares of the apparel retailer’s stock after selling 10,574 shares during the period. Envestnet Asset Management Inc. owned 0.17% of Abercrombie & Fitch worth $6,842,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ANF. NewEdge Advisors LLC grew its position in shares of Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Blue Trust Inc. bought a new position in Abercrombie & Fitch during the third quarter valued at approximately $38,000. Hantz Financial Services Inc. grew its holdings in Abercrombie & Fitch by 108.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 250 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Abercrombie & Fitch by 392.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after buying an additional 569 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Abercrombie & Fitch by 100.9% in the 2nd quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock worth $72,000 after acquiring an additional 434 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Fran Horowitz sold 29,769 shares of Abercrombie & Fitch stock in a transaction on Friday, February 6th. The stock was sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the completion of the sale, the chief executive officer directly owned 308,503 shares in the company, valued at approximately $30,850,300. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 350,000 shares of company stock valued at $34,661,358 in the last 90 days. Company insiders own 2.29% of the company’s stock.

Wall Street Analysts Forecast Growth

ANF has been the subject of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Barclays boosted their target price on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Finally, UBS Group lifted their price target on Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.60.

Abercrombie & Fitch Trading Up 0.3%

Shares of NYSE:ANF opened at $96.18 on Friday. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $133.11. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 9.22 and a beta of 1.19. The firm’s 50-day moving average is $108.56 and its 200 day moving average is $93.65.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $2.50 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.