Dimensional Fund Advisors LP Sells 663,010 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Dimensional Fund Advisors LP decreased its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 23.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,174,789 shares of the apparel retailer’s stock after selling 663,010 shares during the period. Dimensional Fund Advisors LP owned 4.26% of Abercrombie & Fitch worth $386,742,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ANF. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $35,000. Spire Wealth Management grew its holdings 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 purchasing an additional 107 shares during the period. CWM LLC grew its holdings in Abercrombie & Fitch by 242.6% in the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the period. Plato Investment Management Ltd increased its stake in Abercrombie & Fitch by 66.1% in the second quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock valued at $132,000 after purchasing an additional 295 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $120,000.

Abercrombie & Fitch Price Performance

ANF opened at $134.51 on Tuesday. Abercrombie & Fitch Co. has a 1 year low of $49.24 and a 1 year high of $196.99. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 16.73 and a beta of 1.50. The firm’s fifty day moving average price is $151.85 and its two-hundred day moving average price is $146.68.

Wall Street Analyst Weigh In

ANF has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. JPMorgan Chase & Co. raised 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 report on Monday, July 22nd. Jefferies Financial Group increased their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. UBS Group decreased their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $176.57.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 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 sale, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated 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 $3,676,109.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,541 shares of company stock worth $4,310,256. Insiders own 3.77% of the company’s stock.

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.