Abercrombie & Fitch Company $ANF Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 358,528 shares of the apparel retailer’s stock after acquiring an additional 52,102 shares during the quarter. Systematic Financial Management LP owned about 0.75% of Abercrombie & Fitch worth $29,704,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $38,000. Parallel Advisors LLC grew its position in Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after buying an additional 527 shares during the last quarter. Bayforest Capital Ltd grew its position in Abercrombie & Fitch by 102.9% in the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 430 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Abercrombie & Fitch by 100.9% in the second quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 434 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Abercrombie & Fitch by 521.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 839 shares during the last quarter.

Abercrombie & Fitch Stock Down 1.5%

Shares of NYSE:ANF opened at $100.39 on Wednesday. The firm has a fifty day moving average of $76.65 and a two-hundred day moving average of $84.40. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $164.80. The firm has a market capitalization of $4.73 billion, a P/E ratio of 9.63 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.22. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.Abercrombie & Fitch’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. Equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of recent research reports. Barclays lifted their target price on Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, November 28th. Morgan Stanley increased their price target on Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Citigroup upped their price objective on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.33.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director owned 5,880 shares in the company, valued at approximately $556,248. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.29% of the stock is owned by company insiders.

Abercrombie & Fitch Profile

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.