Aigen Investment Management LP Boosts Stock Holdings in Abercrombie & Fitch Company (NYSE:ANF)

Key Points

• Aigen Investment Management LP increased its holdings in Abercrombie & Fitch by 177.3%, owning a total of 28,734 shares valued at approximately $2,194,000.
• Analysts have given Abercrombie & Fitch an average rating of "Moderate Buy", with a price target averaging $111.88, while Morgan Stanley recently raised its price target to $82.00.
• In its latest earnings report, Abercrombie & Fitch exceeded expectations with earnings per share of $1.59 against an estimate of $1.35 and experienced a 7.5% increase in year-over-year revenue.

Aigen Investment Management LP lifted its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 177.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,734 shares of the apparel retailer's stock after acquiring an additional 18,372 shares during the period. Aigen Investment Management LP owned 0.06% of Abercrombie & Fitch worth $2,194,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Abercrombie & Fitch by 197.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after acquiring an additional 9,719 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Abercrombie & Fitch by 11.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock worth $536,000 after buying an additional 698 shares during the period. GAMMA Investing LLC raised its holdings in shares of Abercrombie & Fitch by 81.5% in the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock worth $146,000 after buying an additional 861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Abercrombie & Fitch in the first quarter worth approximately $144,000. Finally, LPL Financial LLC grew its stake in Abercrombie & Fitch by 16.7% in the fourth quarter. LPL Financial LLC now owns 15,614 shares of the apparel retailer's stock worth $2,334,000 after purchasing an additional 2,235 shares in the last quarter.

Abercrombie & Fitch Trading Down 2.8%

ANF stock traded down $2.84 during mid-day trading on Thursday, reaching $98.35. The company's stock had a trading volume of 1,304,528 shares, compared to its average volume of 2,436,863. The stock has a market cap of $4.69 billion, a PE ratio of 9.67 and a beta of 1.54. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $172.90. The company's 50 day moving average is $88.93 and its two-hundred day moving average is $86.75.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced 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. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $2.14 earnings per share. On average, analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ANF shares. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Raymond James Financial lowered their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley raised 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. Jefferies Financial Group reduced their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price objective 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $111.88.

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.