Allspring Global Investments Holdings LLC Has $103,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Allspring Global Investments Holdings LLC lessened its position in Abercrombie & Fitch Co. (NYSE:ANF) by 39.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 578 shares of the apparel retailer’s stock after selling 382 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Abercrombie & Fitch were worth $103,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Legacy Capital Group California Inc. acquired a new position in Abercrombie & Fitch in the fourth quarter valued at about $1,125,000. Natixis Advisors L.P. bought a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $988,000. Cetera Advisors LLC bought a new stake in Abercrombie & Fitch during the 1st quarter worth approximately $674,000. Cetera Investment Advisers raised its position in Abercrombie & Fitch by 209.2% in the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after purchasing an additional 32,915 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Abercrombie & Fitch by 123.3% in the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock valued at $6,026,000 after purchasing an additional 18,707 shares during the last quarter.

Insider Buying and Selling

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 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 sale was disclosed in a document filed with the SEC, which is available through this link. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction 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 directly owns 106,455 shares in the company, valued at $15,627,594. The disclosure for this sale can be found here. 3.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ANF. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and raised their target price for the company from $167.00 to $194.00 in a research note on Monday, July 22nd. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Citigroup raised shares of 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. Jefferies Financial Group boosted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley decreased their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.14.

Abercrombie & Fitch Price Performance

ANF opened at $130.93 on Monday. The company has a fifty day moving average price of $157.23 and a two-hundred day moving average price of $146.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.44. The firm has a market capitalization of $6.69 billion, a PE ratio of 16.28 and a beta of 1.50. Abercrombie & Fitch Co. has a 52 week low of $49.24 and a 52 week high of $196.99.

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.