Alpha DNA Investment Management LLC Acquires 1,306 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Alpha DNA Investment Management LLC increased its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 56.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,604 shares of the apparel retailer’s stock after purchasing an additional 1,306 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Abercrombie & Fitch were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co purchased a new position in shares of Abercrombie & Fitch in the second quarter worth about $35,000. Farther Finance Advisors LLC increased its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the period. Quarry LP lifted its position in Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after purchasing an additional 170 shares during the last quarter. CWM LLC boosted its stake in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after purchasing an additional 376 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after purchasing an additional 222 shares during the period.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 40.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total value 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 trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock valued at $4,310,256 in the last three months. 2.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on ANF shares. UBS Group upped their price target on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley lowered their price objective on shares of 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. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $151.99 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $72.13 and a fifty-two week high of $196.99. The stock’s 50 day simple moving average is $142.72 and its two-hundred day simple moving average is $153.13. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 16.10 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating 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%. On average, analysts predict that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current year.

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.