Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 273.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,400 shares of the apparel retailer’s stock after buying an additional 8,350 shares during the quarter. Entropy Technologies LP’s holdings in Abercrombie & Fitch were worth $1,595,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC raised its position in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Quarry LP lifted its stake in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares in the last quarter. CWM LLC boosted its position in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after buying an additional 376 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ANF. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. UBS Group dropped their price target 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. Finally, 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 research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price of $176.71.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch 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 in the company, valued at $5,222,568.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Trading Down 0.2 %

Shares of ANF opened at $139.98 on Wednesday. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.83 and a beta of 1.50. The firm’s fifty day simple moving average is $141.42 and its 200-day simple moving average is $152.32. Abercrombie & Fitch Co. has a twelve month low of $65.60 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results 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. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. On average, analysts predict that Abercrombie & Fitch Co. will post 10.26 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.