Abercrombie & Fitch Company (NYSE:ANF) Stock Position Lowered by JW Asset Management LLC

Key Points

• JW Asset Management LLC significantly reduced its stake in Abercrombie & Fitch by 61.5% during the first quarter, selling 40,000 shares and leaving it with 25,090 shares in total.
• Abercrombie & Fitch reported $1.59 EPS, surpassing analysts' expectations of $1.35, and experienced a 7.5% increase in revenue compared to the previous year.
• Several large investors, including UMB Bank and Versant Capital Management Inc, increased their holdings in Abercrombie & Fitch during the same period, with UMB Bank raising its stake by 161.4%.

JW Asset Management LLC lowered its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 61.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,090 shares of the apparel retailer's stock after selling 40,000 shares during the period. Abercrombie & Fitch makes up approximately 1.1% of JW Asset Management LLC's holdings, making the stock its 10th largest holding. JW Asset Management LLC owned about 0.05% of Abercrombie & Fitch worth $1,916,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ANF. UMB Bank n.a. increased its holdings in Abercrombie & Fitch by 161.4% during the 1st 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 during the period. Versant Capital Management Inc grew its holdings in shares of Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after acquiring an additional 260 shares during the period. IFP Advisors Inc grew its holdings in shares of Abercrombie & Fitch by 166.7% during the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 530 shares during the period. Reyes Financial Architecture Inc. grew its holdings in shares of Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after acquiring an additional 366 shares during the period. Finally, GeoWealth Management LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $70,000.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $99.62 on Wednesday. The business's fifty day moving average price is $86.30 and its 200-day moving average price is $87.48. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 9.81 and a beta of 1.54. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $172.90.

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 the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.14 EPS. Equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANF. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Morgan Stanley boosted their price target 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. Raymond James Financial dropped their price target on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Citigroup reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 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. According to data from MarketBeat, the stock presently has an average 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.

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