Wedge Capital Management L L P NC Sells 32,451 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Wedge Capital Management L L P NC cut its position in Abercrombie & Fitch Co. (NYSE:ANF) by 10.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,586 shares of the apparel retailer’s stock after selling 32,451 shares during the quarter. Abercrombie & Fitch makes up approximately 0.8% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 26th largest holding. Wedge Capital Management L L P NC owned about 0.52% of Abercrombie & Fitch worth $47,054,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in shares of Abercrombie & Fitch during the second quarter valued at about $35,000. Spire Wealth Management increased its holdings in shares of Abercrombie & Fitch by 51.4% during the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 107 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at about $49,000. Daiwa Securities Group Inc. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at about $62,000. Finally, USA Financial Formulas increased its holdings in shares of Abercrombie & Fitch by 1,227.7% during the fourth quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 798 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded up $8.91 during midday trading on Thursday, reaching $161.99. 1,421,161 shares of the company’s stock traded hands, compared to its average volume of 1,664,036. Abercrombie & Fitch Co. has a 1 year low of $40.50 and a 1 year high of $196.99. The company has a market cap of $8.28 billion, a P/E ratio of 20.15 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64. The company has a fifty day simple moving average of $165.76 and a two-hundred day simple moving average of $141.07.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 EPS for the quarter, beating the consensus estimate of $1.66 by $0.48. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. During the same period in the prior year, the company earned $0.39 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Equities analysts predict that Abercrombie & Fitch Co. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on ANF shares. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $167.00 to $194.00 in a report on Monday, July 22nd. UBS Group increased their price target on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Telsey Advisory Group restated an “outperform” rating and issued a $152.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group upped their price objective on Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus target price of $178.00.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $176.48, for a total value of $727,097.60. Following the completion of the sale, the director now directly owns 7,565 shares of the company’s stock, valued at approximately $1,335,071.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $176.48, for a total value of $727,097.60. Following the completion of the sale, the director now directly owns 7,565 shares of the company’s stock, valued at approximately $1,335,071.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth B. Robinson sold 1,300 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total value of $223,093.00. Following the completion of the sale, the director now directly owns 5,880 shares of the company’s stock, valued at $1,009,066.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,120 shares of company stock valued at $3,875,693. 3.77% of the stock is owned by insiders.

Abercrombie & Fitch Company Profile

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.