Aigen Investment Management LP Acquires New Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Aigen Investment Management LP bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,727 shares of the apparel retailer’s stock, valued at approximately $1,081,000.

Other large investors have also modified their holdings of the company. Marshall Wace LLP grew its stake in Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after acquiring an additional 120,509 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after purchasing an additional 512,700 shares during the last quarter. Hennessy Advisors Inc. lifted its position in Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock worth $89,347,000 after buying an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Abercrombie & Fitch by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock worth $81,915,000 after buying an additional 20,616 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after buying an additional 141,788 shares in the last quarter.

Wall Street Analyst Weigh In

ANF has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. UBS Group decreased their target price 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. Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Morgan Stanley reduced their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $176.71.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on 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 directly owns 106,455 shares in the company, valued at $15,627,594. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,541 shares of company stock worth $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Down 0.2 %

Shares of NYSE ANF opened at $139.98 on Wednesday. Abercrombie & Fitch Co. has a 52-week low of $65.60 and a 52-week high of $196.99. The business’s 50 day moving average is $141.42 and its two-hundred day moving average is $152.32. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 14.83 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Analysts anticipate 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.