Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lowered its position in Abercrombie & Fitch Co. (NYSE:ANF) by 43.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 202,759 shares of the apparel retailer’s stock after selling 153,851 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Abercrombie & Fitch were worth $36,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Hennessy Advisors Inc. increased its stake in shares of Abercrombie & Fitch by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after purchasing an additional 76,900 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Abercrombie & Fitch by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after purchasing an additional 20,616 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Abercrombie & Fitch by 45.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after purchasing an additional 141,788 shares during the period. Norges Bank acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $37,632,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Abercrombie & Fitch by 2,036.5% in the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock valued at $74,615,000 after purchasing an additional 399,922 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, UBS Group decreased their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.57.

Abercrombie & Fitch Stock Up 1.1 %

ANF stock opened at $131.26 on Thursday. Abercrombie & Fitch Co. has a 12-month low of $49.24 and a 12-month high of $196.99. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 16.33 and a beta of 1.50. The company has a 50 day moving average of $154.17 and a two-hundred day moving average of $146.30.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 in the last quarter. 3.77% of the stock is currently owned by corporate 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.