Stony Point Capital LLC Purchases New Shares in Abercrombie & Fitch Co. (NYSE:ANF)

Stony Point Capital LLC purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 115,334 shares of the apparel retailer’s stock, valued at approximately $3,201,000. Stony Point Capital LLC owned 0.23% of Abercrombie & Fitch as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ANF. Quadrant Capital Group LLC grew its stake in Abercrombie & Fitch by 1,051.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,221 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 1,115 shares during the period. Quarry LP acquired a new stake in Abercrombie & Fitch during the 1st quarter worth $29,000. Metropolitan Life Insurance Co. NY boosted its stake in Abercrombie & Fitch by 19.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,078 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 511 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in Abercrombie & Fitch by 19.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 511 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Abercrombie & Fitch by 24.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after purchasing an additional 913 shares during the last quarter.

Analyst Upgrades and Downgrades

ANF has been the topic of several recent research reports. Telsey Advisory Group lifted their target price on shares of Abercrombie & Fitch from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. Argus raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, June 12th. UBS Group lifted their target price on shares of Abercrombie & Fitch from $42.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, August 24th. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $45.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, August 24th. Finally, Citigroup lifted their price target on Abercrombie & Fitch from $33.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.14.

Insider Activity at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $51.84, for a total value of $103,680.00. Following the sale, the director now directly owns 9,180 shares in the company, valued at approximately $475,891.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Fran Horowitz sold 120,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $35.42, for a total transaction of $4,250,400.00. Following the sale, the chief executive officer now owns 933,913 shares of the company’s stock, valued at $33,079,198.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth B. Robinson sold 2,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $51.84, for a total transaction of $103,680.00. Following the sale, the director now directly owns 9,180 shares in the company, valued at approximately $475,891.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,931 shares of company stock worth $24,451,721. Company insiders own 3.77% of the company’s stock.

Abercrombie & Fitch Trading Down 1.5 %

Shares of NYSE ANF traded down $0.78 during trading on Tuesday, hitting $52.62. 727,069 shares of the company were exchanged, compared to its average volume of 1,791,130. The firm has a market capitalization of $2.65 billion, a PE ratio of 25.08 and a beta of 1.46. Abercrombie & Fitch Co. has a 12-month low of $14.43 and a 12-month high of $55.52. The company has a fifty day moving average price of $42.44 and a 200-day moving average price of $33.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.87 and a current ratio of 1.40.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.93. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $844.07 million. Abercrombie & Fitch had a net margin of 2.85% and a return on equity of 16.69%. Abercrombie & Fitch’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) EPS. As a group, equities research analysts expect that Abercrombie & Fitch Co. will post 4.03 EPS for the current year.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.