Massmutual Trust Co. FSB ADV Buys 7,934 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Massmutual Trust Co. FSB ADV lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 13,447.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,993 shares of the apparel retailer’s stock after acquiring an additional 7,934 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Abercrombie & Fitch were worth $1,118,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Marshall Wace LLP increased its position in Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after buying an additional 120,509 shares in the last quarter. Renaissance Technologies LLC increased its position in Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after buying an additional 512,700 shares in the last quarter. Hennessy Advisors Inc. increased its position in Abercrombie & Fitch by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after buying an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp increased its position in Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after buying an additional 20,616 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Abercrombie & Fitch by 45.3% during the 1st 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 last quarter.

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 in the company, valued at approximately $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 can be accessed through this hyperlink. 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 completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ANF has been the topic of several research analyst reports. 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 research note on Wednesday, September 4th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 30th. UBS Group dropped their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $176.71.

Abercrombie & Fitch Stock Up 9.1 %

Shares of ANF opened at $146.31 on Friday. Abercrombie & Fitch Co. has a 52 week low of $53.16 and a 52 week high of $196.99. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 18.20 and a beta of 1.49. The stock’s 50-day moving average price is $145.10 and its 200-day moving average price is $147.37.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, equities analysts anticipate that Abercrombie & Fitch Co. will post 10.26 EPS 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.