Louisiana State Employees Retirement System Has $1.99 Million Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Louisiana State Employees Retirement System lowered its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 44.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,200 shares of the apparel retailer’s stock after selling 11,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Abercrombie & Fitch were worth $1,987,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ANF. Public Sector Pension Investment Board boosted its holdings in shares of Abercrombie & Fitch by 8.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock worth $19,986,000 after buying an additional 9,061 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Abercrombie & Fitch in the first quarter worth $674,000. Wedge Capital Management L L P NC increased its stake in Abercrombie & Fitch by 37.0% in the third quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock valued at $50,711,000 after purchasing an additional 97,893 shares in the last quarter. Cetera Investment Advisers increased its stake in Abercrombie & Fitch by 209.2% in the first 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 in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Abercrombie & Fitch by 123.3% during the second 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 period.

Abercrombie & Fitch Trading Up 0.4 %

NYSE ANF opened at $138.47 on Wednesday. The business has a fifty day simple moving average of $145.02 and a 200 day simple moving average of $150.72. Abercrombie & Fitch Co. has a 12 month low of $57.78 and a 12 month high of $196.99. The firm has a market capitalization of $7.08 billion, a P/E ratio of 17.22 and a beta of 1.49.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. UBS Group decreased their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley dropped their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $176.71.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred on 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 owns 27,985 shares in the company, valued at $3,676,109.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,541 shares of company stock worth $4,310,256. 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.