Jupiter Asset Management Ltd. Purchases 5,006 Shares of Abercrombie & Fitch Company (NYSE:ANF)

Key Points

• Jupiter Asset Management Ltd. increased its holdings in Abercrombie & Fitch Company by 0.8%, owning 621,234 shares valued at approximately $47.4 million after purchasing an additional 5,006 shares in the first quarter.
• Abercrombie & Fitch reported a net margin of 10.60% and earnings per share of $1.59 for the latest quarter, surpassing analysts' estimates of $1.35, with revenue rising 7.5% year-over-year.
• Several analysts have issued upgrades on Abercrombie & Fitch, with JPMorgan Chase raising its price target from $141 to $151, contributing to a consensus rating of "Moderate Buy" for the stock.

Jupiter Asset Management Ltd. lifted its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 621,234 shares of the apparel retailer's stock after acquiring an additional 5,006 shares during the period. Jupiter Asset Management Ltd. owned approximately 1.30% of Abercrombie & Fitch worth $47,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baker Avenue Asset Management LP grew its holdings in shares of Abercrombie & Fitch by 446.4% during the 1st quarter. Baker Avenue Asset Management LP now owns 60,376 shares of the apparel retailer's stock valued at $4,611,000 after purchasing an additional 49,326 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Abercrombie & Fitch by 1,664.7% in the 1st quarter. XTX Topco Ltd now owns 27,159 shares of the apparel retailer's stock worth $2,074,000 after acquiring an additional 25,620 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Abercrombie & Fitch during the first quarter valued at $141,000. LPL Financial LLC grew its position in Abercrombie & Fitch by 99.3% during the 1st quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock valued at $2,376,000 after purchasing an additional 15,500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Abercrombie & Fitch by 4.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,305 shares of the apparel retailer's stock worth $1,092,000 after acquiring an additional 585 shares during the last quarter.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded up $8.08 during trading hours on Monday, hitting $99.14. The company's stock had a trading volume of 2,363,709 shares, compared to its average volume of 1,884,585. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $172.90. The stock has a 50 day moving average of $85.32 and a 200 day moving average of $87.62. The company has a market capitalization of $4.72 billion, a PE ratio of 9.76 and a beta of 1.54.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $2.14 earnings per share. The firm's quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analysts Set New Price Targets

ANF has been the subject of a number of research analyst reports. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley boosted their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $141.00 to $151.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.88.

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.