2,786 Shares in Abercrombie & Fitch Company (NYSE:ANF) Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,786 shares of the apparel retailer's stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. boosted its position 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 acquiring an additional 892,492 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $56,569,000. Norges Bank purchased a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $88,478,000. Wellington Management Group LLP grew its position in shares of Abercrombie & Fitch by 20.8% in the fourth 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 position in Abercrombie & Fitch in the fourth quarter valued at $31,371,000.

Analysts Set New Price Targets

Several analysts have commented on ANF shares. Jefferies Financial Group lowered their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Raymond James Financial cut their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, June 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch Trading Up 0.1%

Shares of ANF traded up $0.12 during midday trading on Friday, reaching $93.57. 1,817,319 shares of the company were exchanged, compared to its average volume of 2,209,595. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $172.90. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 9.21 and a beta of 1.46. The stock has a 50-day moving average price of $81.34 and a 200-day moving average price of $92.34.

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, topping analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion during 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%. Abercrombie & Fitch's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 EPS. Equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

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.