Allianz Asset Management GmbH Lowers Holdings in Abercrombie & Fitch Company (NYSE:ANF)

Allianz Asset Management GmbH trimmed its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,977 shares of the apparel retailer's stock after selling 118,876 shares during the period. Allianz Asset Management GmbH owned approximately 0.87% of Abercrombie & Fitch worth $31,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANF. UMB Bank n.a. grew its position in Abercrombie & Fitch by 161.4% in the 1st 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 last quarter. Versant Capital Management Inc grew its position in Abercrombie & Fitch by 55.6% in the 1st 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 last quarter. IFP Advisors Inc grew its position in Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after buying an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. grew its position in Abercrombie & Fitch by 68.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after buying an additional 366 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $70,000.

Analysts Set New Price Targets

ANF has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of 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 restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. Telsey Advisory Group restated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Stock Performance

ANF stock traded down $1.10 during trading on Thursday, hitting $93.96. The stock had a trading volume of 1,270,021 shares, compared to its average volume of 1,914,583. The company's 50 day moving average price is $82.95 and its two-hundred day moving average price is $90.32. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $172.90. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 9.25 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its 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. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.