Qsemble Capital Management LP Sells 9,840 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Qsemble Capital Management LP reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 67.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,733 shares of the apparel retailer’s stock after selling 9,840 shares during the period. Qsemble Capital Management LP’s holdings in Abercrombie & Fitch were worth $842,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $35,000. Spire Wealth Management grew its stake in Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 107 shares in the last quarter. CWM LLC grew its stake in Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after acquiring an additional 376 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Abercrombie & Fitch in the 1st quarter worth about $120,000. Finally, Daiwa Securities Group Inc. grew its stake in Abercrombie & Fitch by 85.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the apparel retailer’s stock worth $163,000 after acquiring an additional 600 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on ANF shares. Telsey Advisory Group restated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday. UBS Group lowered their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. Jefferies Financial Group upped their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $176.57.

Insider Activity at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock valued at $4,310,256 over the last 90 days. Insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Trading Up 4.7 %

NYSE:ANF opened at $137.40 on Friday. Abercrombie & Fitch Co. has a 52 week low of $49.24 and a 52 week high of $196.99. The firm has a 50 day moving average of $153.32 and a 200 day moving average of $146.24. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 17.09 and a beta of 1.50.

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.