Abercrombie & Fitch Co. (NYSE:ANF) Stock Position Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 34.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,676 shares of the apparel retailer’s stock after buying an additional 9,750 shares during the quarter. Abercrombie & Fitch comprises about 0.6% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 7th biggest holding. Dynamic Technology Lab Private Ltd owned about 0.07% of Abercrombie & Fitch worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ANF. Marshall Wace LLP raised its position in shares of Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Abercrombie & Fitch by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after buying an additional 60,022 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after buying an additional 512,700 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Abercrombie & Fitch by 3.0% during the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock valued at $79,719,000 after acquiring an additional 16,754 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Abercrombie & Fitch during the third quarter valued at $73,048,000.

Insider Transactions at Abercrombie & Fitch

In other 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 value of $487,830.00. Following the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by insiders.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $151.99 on Monday. Abercrombie & Fitch Co. has a 1 year low of $72.13 and a 1 year high of $196.99. The company has a 50 day simple moving average of $142.72 and a two-hundred day simple moving average of $153.30. The firm has a market cap of $7.76 billion, a P/E ratio of 16.10 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ANF. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. UBS Group boosted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Morgan Stanley lowered their price objective 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.43.

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.