Castle Hook Partners LP Trims Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Castle Hook Partners LP lessened its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,381 shares of the apparel retailer’s stock after selling 66,981 shares during the period. Castle Hook Partners LP’s holdings in Abercrombie & Fitch were worth $23,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ANF. Marshall Wace LLP increased its holdings in shares of Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after acquiring an additional 120,509 shares during the period. Charles Schwab Investment Management Inc. grew its position in Abercrombie & Fitch by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after purchasing an additional 60,022 shares during the last quarter. Renaissance Technologies LLC grew its position in Abercrombie & Fitch by 146.3% during the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after purchasing an additional 512,700 shares during the last quarter. Fisher Asset Management LLC increased its stake in Abercrombie & Fitch by 3.0% in the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock valued at $79,719,000 after purchasing an additional 16,754 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Abercrombie & Fitch in the third quarter valued at about $73,048,000.

Insider Transactions at Abercrombie & Fitch

In related news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch 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 transaction, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 106,455 shares in the company, valued at $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 quarter. 2.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ANF has been the topic of several recent research reports. JPMorgan Chase & Co. boosted 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. 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, August 30th. Morgan Stanley upped their price target on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Jefferies Financial Group lifted their price objective 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, UBS Group upped their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price of $178.14.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $148.59 on Thursday. The company has a market cap of $7.59 billion, a P/E ratio of 15.74 and a beta of 1.50. Abercrombie & Fitch Co. has a one year low of $74.68 and a one year high of $196.99. The business has a fifty day moving average of $143.37 and a two-hundred day moving average of $153.58.

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 $2.31 by $0.19. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts predict that Abercrombie & Fitch Co. will post 10.35 EPS for the current year.

Abercrombie & Fitch 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.