Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Friedenthal Financial

Friedenthal Financial lessened its position in Abercrombie & Fitch Co. (NYSE:ANF) by 37.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,030 shares of the apparel retailer’s stock after selling 2,424 shares during the period. Friedenthal Financial’s holdings in Abercrombie & Fitch were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in shares of Abercrombie & Fitch by 14.2% in the second quarter. Sequoia Financial Advisors LLC now owns 2,196 shares of the apparel retailer’s stock valued at $391,000 after buying an additional 273 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Abercrombie & Fitch in the second quarter valued at approximately $1,262,000. SG Americas Securities LLC grew its holdings in Abercrombie & Fitch by 123.3% in the second quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock valued at $6,026,000 after purchasing an additional 18,707 shares during the period. Canandaigua National Bank & Trust Co. purchased a new stake in Abercrombie & Fitch in the second quarter valued at approximately $232,000. Finally, Matrix Trust Co purchased a new stake in Abercrombie & Fitch in the second quarter valued at approximately $35,000.

Insider Activity

In other Abercrombie & Fitch news, Director James A. Goldman sold 4,120 shares of Abercrombie & Fitch stock in a transaction that occurred 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 transaction, 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 document filed with the SEC, which is accessible through this link. In related news, Director James A. Goldman sold 4,120 shares of the company’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 transaction, the director now directly owns 7,565 shares in the company, valued at $1,335,071.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth B. Robinson sold 1,300 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total value of $223,093.00. Following the completion of the transaction, the director now owns 5,880 shares of the company’s stock, valued at $1,009,066.80. The disclosure for this sale can be found here. Insiders sold a total of 22,120 shares of company stock worth $3,875,693 in the last three months. 3.77% of the stock is owned by insiders.

Analyst Ratings Changes

ANF has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $152.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Morgan Stanley boosted their price objective on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Finally, UBS Group boosted their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $178.00.

Abercrombie & Fitch Price Performance

Shares of ANF traded down $1.00 during mid-day trading on Tuesday, hitting $153.57. The company’s stock had a trading volume of 1,020,961 shares, compared to its average volume of 1,667,558. The firm has a 50-day moving average price of $166.44 and a 200 day moving average price of $140.84. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 19.10 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.64 and a quick ratio of 1.15. Abercrombie & Fitch Co. has a fifty-two week low of $39.30 and a fifty-two week high of $196.99.

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

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.