Envestnet Asset Management Inc. Sells 10,574 Shares of Abercrombie & Fitch Company $ANF

Envestnet Asset Management Inc. lessened its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 11.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 79,973 shares of the apparel retailer’s stock after selling 10,574 shares during the period. Envestnet Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $6,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Abercrombie & Fitch by 1.1% in the second quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock worth $163,889,000 after purchasing an additional 22,215 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 10,469.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after buying an additional 983,705 shares during the period. American Century Companies Inc. grew its position in shares of Abercrombie & Fitch by 3.3% during the 2nd quarter. American Century Companies Inc. now owns 833,702 shares of the apparel retailer’s stock worth $69,072,000 after buying an additional 26,722 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Abercrombie & Fitch during the second quarter valued at $61,643,000. Finally, Norges Bank bought a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $61,584,000.

Analysts Set New Price Targets

Several brokerages have issued reports on ANF. Jefferies Financial Group reiterated a “buy” rating and set a $145.00 target price on shares of Abercrombie & Fitch in a report on Monday, January 5th. Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Barclays boosted their price objective on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. BTIG Research reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Abercrombie & Fitch in a report on Thursday, December 11th. They issued a “buy” rating and a $120.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.60.

Insiders Place Their Bets

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 103,200 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the transaction, the chief executive officer directly owned 605,303 shares of the company’s stock, valued at approximately $59,640,504.59. The trade was a 14.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 350,000 shares of company stock worth $34,661,358 in the last three months. 2.29% of the stock is currently owned by company insiders.

Abercrombie & Fitch Stock Up 0.3%

Shares of NYSE ANF opened at $96.18 on Friday. The firm has a market cap of $4.41 billion, a P/E ratio of 9.22 and a beta of 1.19. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $133.11. The business’s 50 day moving average price is $108.56 and its 200 day moving average price is $93.65.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 earnings per share. As a group, research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.