Cambridge Investment Research Advisors Inc. Increases Stake in Abercrombie & Fitch Company (NYSE:ANF)

Cambridge Investment Research Advisors Inc. boosted its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 197.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,647 shares of the apparel retailer's stock after purchasing an additional 9,719 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Abercrombie & Fitch were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ANF. SBI Securities Co. Ltd. acquired a new position in Abercrombie & Fitch in the 4th quarter valued at $27,000. UMB Bank n.a. raised its stake 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 purchasing an additional 360 shares during the last quarter. Versant Capital Management Inc raised its stake 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 purchasing an additional 260 shares during the last quarter. GeoWealth Management LLC acquired a new position in Abercrombie & Fitch in the 4th quarter valued at $70,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Abercrombie & Fitch in the 1st quarter valued at $76,000.

Abercrombie & Fitch Stock Up 2.1%

NYSE ANF traded up $1.88 during trading on Friday, hitting $91.73. The stock had a trading volume of 1,849,836 shares, compared to its average volume of 2,199,979. The company has a market capitalization of $4.37 billion, a PE ratio of 9.03 and a beta of 1.46. The firm has a 50 day moving average price of $77.87 and a 200 day moving average price of $95.52. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $183.70.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.24. The business 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%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ANF. Jefferies Financial Group cut their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Morgan Stanley raised their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Wall Street Zen downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their price target on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, June 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and an average 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.