South Dakota Investment Council Takes Position in Abercrombie & Fitch Company (NYSE:ANF)

South Dakota Investment Council acquired a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,700 shares of the apparel retailer's stock, valued at approximately $1,046,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GeoWealth Management LLC acquired a new position in shares of Abercrombie & Fitch during the fourth quarter worth about $70,000. UMB Bank n.a. boosted its holdings in Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares in the last quarter. Signaturefd LLC boosted its holdings in Abercrombie & Fitch by 309.5% in the fourth quarter. Signaturefd LLC now owns 823 shares of the apparel retailer's stock valued at $123,000 after purchasing an additional 622 shares in the last quarter. Finally, Reyes Financial Architecture Inc. boosted its holdings in Abercrombie & Fitch by 68.0% in the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after purchasing an additional 366 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ANF. Jefferies Financial Group decreased their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Morgan Stanley increased their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch Trading Down 0.8%

Shares of ANF stock traded down $0.77 during mid-day trading on Thursday, reaching $94.29. The stock had a trading volume of 363,358 shares, compared to its average volume of 2,493,808. The company has a market cap of $4.49 billion, a P/E ratio of 9.28 and a beta of 1.46. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $172.90. The business has a 50-day simple moving average of $82.38 and a 200 day simple moving average of $90.72.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $2.14 EPS. Research analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.