Abercrombie & Fitch Company (NYSE:ANF) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 197.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,647 shares of the apparel retailer's stock after buying an additional 9,719 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Abercrombie & Fitch were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $27,000. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares during the last quarter. GeoWealth Management LLC bought a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $70,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Abercrombie & Fitch during the first quarter worth $76,000.

Abercrombie & Fitch Stock Performance

ANF traded down $2.86 on Monday, hitting $88.74. The company had a trading volume of 2,573,724 shares, compared to its average volume of 2,201,476. The stock has a fifty day moving average price of $78.23 and a 200-day moving average price of $95.06. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $183.70. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 8.73 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $2.14 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Jefferies Financial Group cut 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. Morgan Stanley raised their price target on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Wall Street Zen lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Finally, JPMorgan Chase & Co. cut 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch 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.