Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV cut its position in Abercrombie & Fitch Co. (NYSE:ANF) by 40.6% during the second quarter, Holdings Channel reports. The firm owned 2,138 shares of the apparel retailer’s stock after selling 1,459 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Abercrombie & Fitch were worth $380,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Matrix Trust Co acquired a new position in shares of Abercrombie & Fitch in the second quarter valued at about $35,000. Spire Wealth Management increased its holdings in shares of Abercrombie & Fitch by 51.4% in the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 107 shares during the period. CWM LLC increased its holdings in shares of Abercrombie & Fitch by 242.6% in 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. USA Financial Formulas increased its holdings in shares of Abercrombie & Fitch by 1,227.7% in the fourth quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 798 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Abercrombie & Fitch in the first quarter valued at about $120,000.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the transaction, the director now owns 5,880 shares of the company’s stock, valued at $1,009,066.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANF. UBS Group lowered their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Citigroup upgraded 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. Telsey Advisory Group restated an “outperform” rating and issued a $208.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $167.00 to $194.00 in a research note on Monday, July 22nd. Finally, Jefferies Financial Group increased their price target on Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.43.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $147.57 on Tuesday. The company has a market capitalization of $7.54 billion, a P/E ratio of 18.35 and a beta of 1.54. The business’s 50 day moving average is $160.16 and its two-hundred day moving average is $145.73. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch Co. has a 12-month low of $49.24 and a 12-month high of $196.99.

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.