Cavalier Investments LLC Takes Position in Abercrombie & Fitch Co. (NYSE:ANF)

Cavalier Investments LLC bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,423 shares of the apparel retailer’s stock, valued at approximately $1,458,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Abercrombie & Fitch by 11.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,716 shares of the apparel retailer’s stock worth $1,499,000 after purchasing an additional 1,103 shares in the last quarter. Highland Capital Management LLC increased its holdings in shares of Abercrombie & Fitch by 13.0% in the 3rd quarter. Highland Capital Management LLC now owns 2,525 shares of the apparel retailer’s stock valued at $353,000 after acquiring an additional 291 shares during the period. Dakota Wealth Management purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at $255,000. Zweig DiMenna Associates LLC purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at $3,386,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Abercrombie & Fitch by 10.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,963 shares of the apparel retailer’s stock valued at $694,000 after acquiring an additional 467 shares during the period.

Insider Activity

In other news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction dated 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 approximately $15,627,594. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock valued at $4,310,256 in the last quarter. 3.77% of the stock is currently owned by company insiders.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $141.53 on Monday. The stock has a market cap of $7.23 billion, a P/E ratio of 17.60 and a beta of 1.49. The stock has a 50-day moving average of $146.16 and a two-hundred day moving average of $150.39. Abercrombie & Fitch Co. has a one year low of $57.78 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.36. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Analysts predict that Abercrombie & Fitch Co. will post 10.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANF. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley lowered their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. UBS Group lowered their price objective 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. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $176.71.

Abercrombie & Fitch Company 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.