Bank of New York Mellon Corp Has $30.19 Million Position in Abercrombie & Fitch Company (NYSE:ANF)

Bank of New York Mellon Corp lowered its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 5.2% during the first quarter, according to 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 quarter. Bank of New York Mellon Corp owned 0.81% of Abercrombie & Fitch worth $30,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANF. UMB Bank n.a. grew its holdings in shares of Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares in the last quarter. 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 purchasing an additional 260 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $70,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $76,000. Finally, Signaturefd LLC grew its holdings in shares of Abercrombie & Fitch by 309.5% during the 4th quarter. Signaturefd LLC now owns 823 shares of the apparel retailer's stock worth $123,000 after purchasing an additional 622 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ANF shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Jefferies Financial Group decreased their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Raymond James Financial decreased their price target on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Finally, Barclays set a $84.00 price target on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.63.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded up $1.53 during mid-day trading on Friday, reaching $94.98. 415,418 shares of the company were exchanged, compared to its average volume of 2,518,508. The company has a fifty day simple moving average of $81.34 and a 200-day simple moving average of $92.34. The firm has a market cap of $4.52 billion, a PE ratio of 9.34 and a beta of 1.46. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $172.90.

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

About Abercrombie & Fitch

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.