Renaissance Technologies LLC Buys 512,700 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Renaissance Technologies LLC lifted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 146.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 863,100 shares of the apparel retailer’s stock after purchasing an additional 512,700 shares during the quarter. Renaissance Technologies LLC owned about 1.69% of Abercrombie & Fitch worth $153,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Matrix Trust Co purchased a new stake in shares of Abercrombie & Fitch in the second quarter worth $35,000. Spire Wealth Management grew its position in Abercrombie & Fitch by 51.4% in the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 107 shares in the last quarter. CWM LLC raised its holdings in Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares during the period. Plato Investment Management Ltd lifted its holdings in shares of Abercrombie & Fitch by 66.1% in the 2nd quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock worth $132,000 after acquiring an additional 295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Abercrombie & Fitch during the first quarter valued at approximately $120,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. UBS Group dropped their price target on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.57.

Abercrombie & Fitch Stock Up 3.4 %

Shares of NYSE:ANF opened at $142.19 on Monday. The company has a market capitalization of $7.27 billion, a P/E ratio of 17.69 and a beta of 1.50. The stock’s fifty day simple moving average is $152.73 and its 200-day simple moving average is $146.63. Abercrombie & Fitch Co. has a 52-week low of $49.24 and a 52-week high of $196.99.

Insider Activity at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 27,985 shares in the company, valued at $3,676,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Samir Desai sold 19,041 shares of the company’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 completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the transaction, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,541 shares of company stock worth $4,310,256. 3.77% of the stock is owned by insiders.

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.