Quest Partners LLC Has $349,000 Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Quest Partners LLC raised its position in Abercrombie & Fitch Co. (NYSE:ANF) by 960.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,493 shares of the apparel retailer’s stock after purchasing an additional 2,258 shares during the quarter. Quest Partners LLC’s holdings in Abercrombie & Fitch were worth $349,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its position in shares of Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after acquiring an additional 65 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in Abercrombie & Fitch by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after acquiring an additional 74 shares during the period. Atria Investments Inc boosted its position in shares of Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after buying an additional 80 shares during the last quarter. Sage Rhino Capital LLC boosted its position in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after buying an additional 89 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after buying an additional 115 shares during the last quarter.

Abercrombie & Fitch Price Performance

ANF stock opened at $154.86 on Tuesday. The company has a market cap of $7.91 billion, a P/E ratio of 16.40 and a beta of 1.50. Abercrombie & Fitch Co. has a 1 year low of $72.98 and a 1 year high of $196.99. The stock’s fifty day moving average price is $143.13 and its 200-day moving average price is $153.46.

Abercrombie & Fitch (NYSE:ANF) last released 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 for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, analysts expect that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current year.

Analysts Set New Price Targets

ANF has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Finally, UBS Group upped their price target on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.43.

Insider Buying and Selling

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

About Abercrombie & Fitch

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.