Harbor Capital Advisors Inc. Invests $3.60 Million in Abercrombie & Fitch Co. (NYSE:ANF)

Harbor Capital Advisors Inc. bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,753 shares of the apparel retailer’s stock, valued at approximately $3,603,000. Harbor Capital Advisors Inc. owned 0.05% of Abercrombie & Fitch as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANF. Renaissance Technologies LLC boosted its stake in shares of Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after acquiring an additional 512,700 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Abercrombie & Fitch by 2,036.5% in the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock valued at $74,615,000 after purchasing an additional 399,922 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Abercrombie & Fitch by 613.3% in the first quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer’s stock valued at $44,694,000 after purchasing an additional 306,616 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after buying an additional 224,555 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Abercrombie & Fitch by 293.7% during the 2nd quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer’s stock worth $51,043,000 after buying an additional 213,684 shares during the period.

Abercrombie & Fitch Stock Down 0.4 %

ANF stock opened at $131.26 on Monday. The company’s 50-day moving average price is $142.90 and its two-hundred day moving average price is $150.86. Abercrombie & Fitch Co. has a 12 month low of $62.23 and a 12 month high of $196.99. The firm has a market cap of $6.70 billion, a P/E ratio of 13.90 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.14 by $0.36. The business had revenue of $1.13 billion during 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 predict that Abercrombie & Fitch Co. will post 10.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.71.

Insider Buying and Selling

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 stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 in the last ninety days. 2.58% of the stock is owned by insiders.

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.