Kapitalo Investimentos Ltda Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Kapitalo Investimentos Ltda bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the third quarter, Holdings Channel.com reports. The firm bought 1,622 shares of the apparel retailer’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Matrix Trust Co bought a new stake in Abercrombie & Fitch in the 2nd quarter valued at about $35,000. Quarry LP grew its position in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the last quarter. CWM LLC raised its holdings in shares of 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. GAMMA Investing LLC boosted its position in shares of Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after buying an additional 222 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares during the period.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley cut their target price on 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. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. 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 research report on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. 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 report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average target price of $176.71.

Insider Activity

In related news, 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 value of $487,830.00. Following the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade 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 sold 31,541 shares of company stock worth $4,310,256. Insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Trading Up 2.3 %

Shares of Abercrombie & Fitch stock opened at $163.93 on Thursday. Abercrombie & Fitch Co. has a 52 week low of $57.78 and a 52 week high of $196.99. The stock has a market cap of $8.38 billion, a PE ratio of 20.39 and a beta of 1.49. The company’s 50-day moving average price is $146.41 and its two-hundred day moving average price is $148.80.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. On average, equities analysts predict that Abercrombie & Fitch Co. will post 10.26 EPS for the current fiscal year.

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.