Burns Matteson Capital Management LLC Makes New Investment in Abercrombie & Fitch Company (NYSE:ANF)

Burns Matteson Capital Management LLC acquired a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,786 shares of the apparel retailer's stock, valued at approximately $213,000.

Several other institutional investors also recently bought and sold shares of ANF. Invesco Ltd. lifted its stake in Abercrombie & Fitch by 150.7% during the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock worth $221,910,000 after purchasing an additional 892,492 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at about $56,569,000. Norges Bank acquired a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $88,478,000. Wellington Management Group LLP boosted its position in shares of Abercrombie & Fitch by 20.8% in the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock valued at $183,829,000 after purchasing an additional 212,155 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $31,371,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Raymond James Financial cut their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. dropped their price target on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, Morgan Stanley lifted their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Trading Up 1.9%

Shares of Abercrombie & Fitch stock traded up $1.77 during trading on Monday, hitting $95.24. 1,727,835 shares of the stock were exchanged, compared to its average volume of 2,175,811. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 9.37 and a beta of 1.46. The company has a fifty day moving average price of $81.75 and a 200-day moving average price of $91.13. 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 posted its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 EPS. Equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal 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.