180 Wealth Advisors LLC acquired a new position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,847 shares of the apparel retailer’s stock, valued at approximately $236,000.
Several other institutional investors also recently modified their holdings of ANF. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch in the second quarter worth $38,000. IFP Advisors Inc boosted its position in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock valued at $65,000 after acquiring an additional 530 shares during the last quarter. Bayforest Capital Ltd grew its holdings in Abercrombie & Fitch by 102.9% during the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after acquiring an additional 430 shares during the period. Parallel Advisors LLC grew its holdings in Abercrombie & Fitch by 178.6% during the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 527 shares during the period. Finally, Reyes Financial Architecture Inc. raised its position in shares of Abercrombie & Fitch by 68.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock worth $69,000 after acquiring an additional 366 shares in the last quarter.
Abercrombie & Fitch Price Performance
ANF stock opened at $70.47 on Friday. The stock has a market capitalization of $3.32 billion, a PE ratio of 6.67 and a beta of 1.45. The company’s 50-day moving average is $85.47 and its 200-day moving average is $83.68. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $164.80.
Insider Buying and Selling
In related news, Director Kenneth B. Robinson sold 1,392 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the sale, the director owned 5,880 shares in the company, valued at $556,248. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James A. Goldman sold 5,072 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the sale, the director owned 7,565 shares in the company, valued at $727,601.70. This represents a 40.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock worth $759,233 in the last quarter. Insiders own 2.29% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on ANF shares. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research report on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $103.00 price objective on shares of Abercrombie & Fitch in a research report on Monday, October 6th. BTIG Research initiated coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a “buy” rating and a $120.00 price objective for the company. Citigroup reiterated a “neutral” rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Abercrombie & Fitch in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.11.
Check Out Our Latest Report on ANF
About Abercrombie & Fitch
Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.
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