Empowered Funds LLC Sells 3,973 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Empowered Funds LLC lessened its position in Abercrombie & Fitch Co. (NYSE:ANF) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,407 shares of the apparel retailer’s stock after selling 3,973 shares during the quarter. Empowered Funds LLC owned approximately 0.12% of Abercrombie & Fitch worth $8,311,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ANF. Renaissance Technologies LLC increased its position in Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after buying an additional 512,700 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Abercrombie & Fitch by 2,036.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock valued at $74,615,000 after acquiring an additional 399,922 shares during the period. Driehaus Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 283.0% during the second quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after purchasing an additional 224,555 shares during the period. Bank of Montreal Can increased its position in 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. Finally, Acadian Asset Management LLC boosted its position in shares of Abercrombie & Fitch by 4,286.8% in the second quarter. Acadian Asset Management LLC now owns 181,525 shares of the apparel retailer’s stock valued at $32,267,000 after acquiring an additional 177,387 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ANF shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price target 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 raised their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, UBS Group boosted their target price on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Stock Performance

ANF stock opened at $144.67 on Friday. The business has a 50-day simple moving average of $141.87 and a two-hundred day simple moving average of $152.33. The company has a market capitalization of $7.39 billion, a P/E ratio of 15.33 and a beta of 1.50. Abercrombie & Fitch Co. has a 52-week low of $65.60 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued 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 company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This represents a 7.80 % 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. 2.58% of the stock is currently owned by company 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.