Meeder Asset Management Inc. Acquires 5,060 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Meeder Asset Management Inc. boosted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 462.1% in the third quarter, HoldingsChannel reports. The firm owned 6,155 shares of the apparel retailer’s stock after purchasing an additional 5,060 shares during the quarter. Meeder Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after buying an additional 65 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after acquiring an additional 74 shares during the period. Atria Investments Inc grew its position in shares of Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after purchasing an additional 80 shares during the last quarter. Sage Rhino Capital LLC increased its stake in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after purchasing an additional 89 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in Abercrombie & Fitch by 3.6% during the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock worth $583,000 after purchasing an additional 115 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group lifted their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $177.43.

Insider Activity

In related news, CFO Scott D. Lipesky sold 9,000 shares of the 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 completion of the transaction, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,541 shares of company stock worth $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $142.58 on Wednesday. The firm has a 50 day simple moving average of $142.33 and a two-hundred day simple moving average of $153.00. Abercrombie & Fitch Co. has a one year low of $65.60 and a one year high of $196.99. The company has a market cap of $7.28 billion, a P/E ratio of 15.10 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. On average, analysts expect that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current fiscal 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.