Abercrombie & Fitch Company $ANF Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 99.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,331 shares of the apparel retailer’s stock after selling 982,770 shares during the period. Valeo Financial Advisors LLC’s holdings in Abercrombie & Fitch were worth $884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Abercrombie & Fitch by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock worth $2,254,000 after purchasing an additional 892 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Abercrombie & Fitch by 521.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock worth $76,000 after buying an additional 839 shares during the period. United Services Automobile Association purchased a new position in shares of Abercrombie & Fitch during the 1st quarter valued at approximately $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Abercrombie & Fitch by 8.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock valued at $9,729,000 after acquiring an additional 10,459 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Abercrombie & Fitch in the 2nd quarter worth $348,000.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $93.75 on Friday. The company has a market capitalization of $4.30 billion, a P/E ratio of 8.99 and a beta of 1.17. The company has a 50 day simple moving average of $108.41 and a 200-day simple moving average of $93.46. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.22. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. Abercrombie & Fitch’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 EPS. As a group, research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $95.40, for a total value of $9,540,000.00. Following the completion of the transaction, the chief executive officer owned 505,303 shares of the company’s stock, valued at $48,205,906.20. This trade represents a 16.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ANF shares. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. BTIG Research reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and set a $145.00 target price on shares of Abercrombie & Fitch in a report on Monday, January 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. Finally, Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.60.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.