Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 12.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,389 shares of the apparel retailer’s stock after selling 8,676 shares during the period. Abercrombie & Fitch comprises approximately 0.9% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 10th largest position. Landscape Capital Management L.L.C.’s holdings in Abercrombie & Fitch were worth $8,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in Abercrombie & Fitch in the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Quarry LP increased its stake in Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the period. CWM LLC increased its stake in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after buying an additional 376 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares in the last quarter.

Analyst Ratings Changes

ANF has been the topic of a number of recent research reports. Citigroup raised 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. JPMorgan Chase & Co. upped 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. Morgan Stanley decreased their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group lifted their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average price target of $177.43.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $136.81 on Thursday. The firm’s fifty day moving average price is $142.44 and its 200 day moving average price is $152.88. Abercrombie & Fitch Co. has a 12 month low of $65.60 and a 12 month high of $196.99. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 14.49 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction on 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 sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 8.54 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction on Friday, August 30th. The shares were 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 in the company, valued at $15,627,594. This represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,541 shares of company stock valued at $4,310,256. Insiders own 2.58% of the company’s stock.

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.