State of Alaska Department of Revenue Lowers Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

State of Alaska Department of Revenue reduced its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 80.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,900 shares of the apparel retailer’s stock after selling 24,197 shares during the quarter. State of Alaska Department of Revenue’s holdings in Abercrombie & Fitch were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ANF. Public Sector Pension Investment Board lifted 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 acquiring an additional 9,061 shares during the period. Cetera Advisors LLC purchased a new position in Abercrombie & Fitch during the first quarter worth approximately $674,000. Wedge Capital Management L L P NC boosted its holdings in shares of Abercrombie & Fitch by 37.0% in the 3rd 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 during the last quarter. Cetera Investment Advisers grew its stake in shares of Abercrombie & Fitch by 209.2% during the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after buying an additional 32,915 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Abercrombie & Fitch by 123.3% during the 2nd quarter. SG Americas Securities LLC now owns 33,883 shares of the apparel retailer’s stock worth $6,026,000 after buying an additional 18,707 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on ANF shares. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group raised their price target 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. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Morgan Stanley dropped their price objective on shares of 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, Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $176.71.

Abercrombie & Fitch Stock Down 0.3 %

ANF opened at $137.35 on Wednesday. The firm has a market capitalization of $7.02 billion, a P/E ratio of 14.55 and a beta of 1.50. The firm’s 50 day moving average is $142.35 and its 200-day moving average is $151.33. Abercrombie & Fitch Co. has a 52-week low of $64.87 and a 52-week high of $196.99.

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. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. Equities analysts expect that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 106,455 shares in the company, valued at $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 available through the SEC website. In other news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $5,222,568.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction dated 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 transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,541 shares of company stock valued at $4,310,256. Insiders own 2.58% of the company’s stock.

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.