Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 870,143 shares of the apparel retailer’s stock after purchasing an additional 60,022 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Abercrombie & Fitch were worth $121,733,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Renaissance Technologies LLC lifted its stake in shares of Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after buying an additional 512,700 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Abercrombie & Fitch by 2,036.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock worth $74,615,000 after purchasing an additional 399,922 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after purchasing an additional 224,555 shares during the last quarter. Bank of Montreal Can grew its position in shares of Abercrombie & Fitch by 293.7% in the second quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer’s stock valued at $51,043,000 after purchasing an additional 213,684 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Abercrombie & Fitch by 4,286.8% in the second quarter. Acadian Asset Management LLC now owns 181,525 shares of the apparel retailer’s stock valued at $32,267,000 after purchasing an additional 177,387 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ANF. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Citigroup raised 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 note on Friday, August 30th. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Finally, Jefferies Financial Group lifted their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.43.

Insiders Place Their Bets

In other news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 over the last three months. Company insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $154.86 on Tuesday. Abercrombie & Fitch Co. has a fifty-two week low of $72.98 and a fifty-two week high of $196.99. The company has a 50 day moving average price of $143.13 and a 200 day moving average price of $153.46. The stock has a market capitalization of $7.91 billion, a P/E ratio of 16.40 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Research analysts forecast that Abercrombie & Fitch Co. will post 10.35 earnings per share 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.