South Dakota Investment Council Makes New Investment in Abercrombie & Fitch Company (NYSE:ANF)

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

A number of other hedge funds have also added to or reduced their stakes in ANF. GeoWealth Management LLC acquired a new position in Abercrombie & Fitch in the fourth quarter valued at $70,000. UMB Bank n.a. lifted 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 buying an additional 360 shares during the period. Versant Capital Management Inc lifted 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 buying an additional 260 shares during the period. Signaturefd LLC lifted 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 buying an additional 622 shares during the period. Finally, Reyes Financial Architecture Inc. raised its holdings in shares of Abercrombie & Fitch by 68.0% during 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 during the period.

Abercrombie & Fitch Trading Up 0.6%

Shares of NYSE:ANF traded up $0.59 during trading on Tuesday, reaching $95.90. The company had a trading volume of 1,422,354 shares, compared to its average volume of 2,172,809. The company has a fifty day moving average of $81.75 and a two-hundred day moving average of $91.13. The stock has a market capitalization of $4.57 billion, a P/E ratio of 9.44 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.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch 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.