Commonwealth Equity Services LLC invested $428,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Commonwealth Equity Services LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,405 shares of the apparel retailer’s stock, valued at approximately $428,000.

Several other hedge funds have added to or reduced their stakes in the business. Sage Rhino Capital LLC boosted its position in shares of Abercrombie & Fitch by 5.5% in the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after buying an additional 89 shares during the period. Franklin Resources Inc. increased its stake in Abercrombie & Fitch by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock worth $2,244,000 after buying an additional 93 shares in the last quarter. Petra Financial Advisors Inc. increased its stake in Abercrombie & Fitch by 3.0% in the second quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock worth $1,085,000 after buying an additional 176 shares during the last quarter. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch in the second quarter valued at about $35,000. Finally, Bailard Inc. lifted its position in Abercrombie & Fitch by 11.1% during the second quarter. Bailard Inc. now owns 2,000 shares of the apparel retailer’s stock valued at $356,000 after purchasing an additional 200 shares during the period.

Abercrombie & Fitch Price Performance

Shares of ANF stock opened at $141.80 on Friday. The company’s fifty-day simple moving average is $148.86, and its 200-day simple moving average is $146.65. The company has a market cap of $7.25 billion, a P/E ratio of 17.64 and a beta of 1.50. Abercrombie & Fitch Co. has a 12-month low of $49.24 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF – Get Your Free Report ) last announced its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts estimate that Abercrombie & Fitch Co. will post 10.11 earnings per share for the current year.

Insider buying and selling

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction dated 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 owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,541 shares of company stock worth $4,310,256. 3.77% of shares are owned by corporate insiders.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently weighed in on ANF shares. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and raised their target price for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Finally, UBS Group cut their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Moderate Buy” and a consensus price target of $176.57, according to MarketBeat.com.

Read our latest analysis of ANF

About Abercrombie & Fitch

(Free Report)

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

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