Bank of New York Mellon Corp Sells 21,788 Shares of Abercrombie & Fitch Company (NYSE:ANF)

Bank of New York Mellon Corp lowered its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 395,316 shares of the apparel retailer's stock after selling 21,788 shares during the period. Bank of New York Mellon Corp owned approximately 0.81% of Abercrombie & Fitch worth $30,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its stake 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 acquiring an additional 360 shares during the period. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 260 shares during the period. GeoWealth Management LLC acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at $70,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Abercrombie & Fitch in the 1st quarter valued at $76,000. Finally, Signaturefd LLC lifted its stake in shares of Abercrombie & Fitch by 309.5% in the 4th quarter. Signaturefd LLC now owns 823 shares of the apparel retailer's stock valued at $123,000 after purchasing an additional 622 shares during the period.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded up $0.12 during mid-day trading on Friday, hitting $93.57. The company's stock had a trading volume of 1,817,319 shares, compared to its average volume of 2,209,596. The firm's 50 day moving average is $81.75 and its 200 day moving average is $91.96. The company has a market cap of $4.46 billion, a PE ratio of 9.21 and a beta of 1.46. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $172.90.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Jefferies Financial Group reduced their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their target price 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. Finally, Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.63.

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.