Los Angeles Capital Management LLC Cuts Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Los Angeles Capital Management LLC lessened its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 52.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,131 shares of the apparel retailer’s stock after selling 10,036 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Abercrombie & Fitch were worth $1,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANF. Matrix Trust Co purchased a new stake in Abercrombie & Fitch in the 2nd quarter worth $35,000. Farther Finance Advisors LLC increased its holdings in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares in the last quarter. CWM LLC boosted its stake in Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Abercrombie & Fitch by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after buying an additional 222 shares in the last quarter.

Insider Activity

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by company insiders.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $144.72 on Friday. Abercrombie & Fitch Co. has a 1-year low of $65.60 and a 1-year high of $196.99. The company’s 50-day moving average is $141.60 and its 200 day moving average is $152.19. The firm has a market capitalization of $7.39 billion, a P/E ratio of 15.33 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Research analysts anticipate that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Finally, Morgan Stanley dropped their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.43.

Abercrombie & Fitch 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.