SG Americas Securities LLC Reduces Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

SG Americas Securities LLC lessened its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 83.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,769 shares of the apparel retailer’s stock after selling 28,114 shares during the quarter. SG Americas Securities LLC’s holdings in Abercrombie & Fitch were worth $807,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in shares of Abercrombie & Fitch by 16.0% in the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after buying an additional 120,509 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after acquiring an additional 512,700 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Abercrombie & Fitch by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after purchasing an additional 76,900 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 holdings 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 purchasing an additional 141,788 shares during the last quarter.

Abercrombie & Fitch Price Performance

ANF opened at $149.75 on Friday. The stock has a market cap of $7.65 billion, a P/E ratio of 15.86 and a beta of 1.49. The stock’s 50 day simple moving average is $144.89 and its 200 day simple moving average is $148.05. Abercrombie & Fitch Co. has a 1-year low of $57.78 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (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 for the quarter, compared to analyst estimates of $1.09 billion. Research analysts expect that Abercrombie & Fitch Co. will post 10.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. UBS Group cut their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. 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 report on Friday, August 30th. Finally, Morgan Stanley dropped their price target 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $176.71.

Insiders Place Their Bets

In related news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction 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 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 represents 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. 2.58% of the stock is currently owned by company insiders.

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.