Janney Montgomery Scott LLC Boosts Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Janney Montgomery Scott LLC grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 18.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,619 shares of the apparel retailer’s stock after purchasing an additional 1,831 shares during the period. Janney Montgomery Scott LLC’s holdings in Abercrombie & Fitch were worth $1,625,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Marshall Wace LLP boosted its position in shares of Abercrombie & Fitch by 16.0% during the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after purchasing an additional 120,509 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after purchasing an additional 512,700 shares during the last quarter. Hennessy Advisors Inc. boosted its position in Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock worth $89,347,000 after purchasing an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 last quarter. Finally, Price T Rowe Associates Inc. MD increased its position 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 buying an additional 141,788 shares in the last quarter.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $141.90 on Thursday. The company has a market cap of $7.25 billion, a P/E ratio of 15.03 and a beta of 1.50. Abercrombie & Fitch Co. has a 12 month low of $65.60 and a 12 month high of $196.99. The company has a 50-day moving average of $141.46 and a 200-day moving average of $152.25.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.31 EPS for the current year.

Insider Buying and Selling

In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was 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 $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,676,109.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,541 shares of company stock valued at $4,310,256. 2.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ANF shares. Morgan Stanley reduced 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. UBS Group reduced their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Jefferies Financial Group upped their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.71.

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.