OmniStar Financial Group Inc. Invests $374,000 in Abercrombie & Fitch Co. (NYSE:ANF)

OmniStar Financial Group Inc. purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,671 shares of the apparel retailer’s stock, valued at approximately $374,000.

Several other institutional investors have also modified their holdings of ANF. B. Riley Wealth Advisors Inc. purchased a new stake in Abercrombie & Fitch in the 4th quarter valued at approximately $445,000. PNC Financial Services Group Inc. lifted its stake in Abercrombie & Fitch by 6.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,186 shares of the apparel retailer’s stock valued at $810,000 after buying an additional 534 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in Abercrombie & Fitch in the 4th quarter valued at approximately $376,000. Los Angeles Capital Management LLC lifted its stake in Abercrombie & Fitch by 130.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 22,372 shares of the apparel retailer’s stock valued at $2,804,000 after buying an additional 12,652 shares in the last quarter. Finally, FCF Advisors LLC lifted its stake in Abercrombie & Fitch by 8.1% in the 1st quarter. FCF Advisors LLC now owns 9,107 shares of the apparel retailer’s stock valued at $1,141,000 after buying an additional 679 shares in the last quarter.

Abercrombie & Fitch Price Performance

ANF traded down $3.27 on Friday, reaching $157.38. The company’s stock had a trading volume of 1,348,128 shares, compared to its average volume of 1,705,856. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 19.71 and a beta of 1.49. Abercrombie & Fitch Co. has a 1 year low of $57.78 and a 1 year high of $196.99. The business’s 50 day moving average is $146.80 and its 200 day moving average is $148.88.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the subject of several analyst reports. Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. UBS Group dropped their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. Finally, Morgan Stanley dropped their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.71.

Insiders Place Their Bets

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 stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction that occurred 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 directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 106,455 shares in the company, valued at $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 in the last quarter. Insiders own 3.77% of the company’s stock.

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.