Abercrombie & Fitch Co. (NYSE:ANF) Stake Trimmed by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 15.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,847 shares of the apparel retailer’s stock after selling 349 shares during the period. Sequoia Financial Advisors LLC’s holdings in Abercrombie & Fitch were worth $258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Abercrombie & Fitch in the first quarter worth $306,000. Allspring Global Investments Holdings LLC purchased a new stake in Abercrombie & Fitch in the 1st quarter worth about $120,000. Valeo Financial Advisors LLC boosted its position in Abercrombie & Fitch by 4.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 15,388 shares of the apparel retailer’s stock worth $1,929,000 after acquiring an additional 700 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in Abercrombie & Fitch during the 1st quarter worth about $203,000. Finally, Mission Wealth Management LP purchased a new position in Abercrombie & Fitch during the 1st quarter valued at about $606,000.

Abercrombie & Fitch Trading Up 0.4 %

ANF stock opened at $138.47 on Wednesday. The firm has a market cap of $7.08 billion, a PE ratio of 17.22 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 company has a fifty day simple moving average of $145.02 and a 200 day simple moving average of $150.72.

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

Wall Street Analyst Weigh In

Several research firms recently commented on ANF. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group upped their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley reduced their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $190.00 target price 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.71.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction dated 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 approximately $15,627,594. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock worth $4,310,256 over the last 90 days. Insiders own 3.77% of the company’s stock.

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.