Divisar Capital Management LLC decreased its position in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 31.8% during the third quarter, Holdings Channel reports. The fund owned 81,424 shares of the apparel retailer’s stock after selling 37,928 shares during the period. Abercrombie & Fitch makes up about 1.9% of Divisar Capital Management LLC’s holdings, making the stock its 18th biggest holding. Divisar Capital Management LLC’s holdings in Abercrombie & Fitch were worth $6,966,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Blue Trust Inc. bought a new position in Abercrombie & Fitch in the third quarter worth $38,000. Hantz Financial Services Inc. lifted its position in Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 250 shares during the period. Bessemer Group Inc. lifted its position in Abercrombie & Fitch by 268.0% during the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 485 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 392.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after buying an additional 569 shares in the last quarter.
Abercrombie & Fitch Trading Down 2.6%
ANF stock opened at $81.90 on Monday. The stock’s 50 day simple moving average is $98.97 and its 200 day simple moving average is $92.88. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11. The stock has a market capitalization of $3.76 billion, a PE ratio of 7.77 and a beta of 1.17.
Insider Transactions at Abercrombie & Fitch
In other news, CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the sale, the chief executive officer owned 605,303 shares of the company’s stock, valued at $59,640,504.59. This trade represents a 14.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 350,000 shares of company stock worth $34,661,358. 2.29% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ANF. Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $135.00 in a research report on Wednesday, January 21st. BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 5th. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Seven 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 target price of $118.80.
Check Out Our Latest Research Report on Abercrombie & Fitch
Abercrombie & Fitch 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.
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