Zurcher Kantonalbank Zurich Cantonalbank Has $2.16 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 42.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,466 shares of the apparel retailer’s stock after buying an additional 4,577 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Abercrombie & Fitch were worth $2,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wolff Wiese Magana LLC lifted its holdings in Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after purchasing an additional 65 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after buying an additional 74 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Abercrombie & Fitch by 5.4% during the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after buying an additional 80 shares during the period. Sage Rhino Capital LLC boosted its holdings in shares of Abercrombie & Fitch by 5.5% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after buying an additional 89 shares during the period. Finally, Ritholtz Wealth Management grew its stake in Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after buying an additional 115 shares during the last quarter.

Insider Buying and Selling

In related news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 directly owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,072 shares of company stock worth $5,161,597 in the last ninety days. 2.58% of the stock is owned by insiders.

Abercrombie & Fitch Stock Down 1.5 %

Shares of Abercrombie & Fitch stock opened at $154.97 on Wednesday. The firm’s 50-day moving average price is $144.31 and its two-hundred day moving average price is $154.02. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 15.33 and a beta of 1.52. Abercrombie & Fitch Co. has a 12-month low of $75.69 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. On average, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. UBS Group upped their price objective on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $178.14.

About Abercrombie & Fitch

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.