Charles Schwab Investment Management Inc. Lowers Stock Position in Abercrombie & Fitch Company (NYSE:ANF)

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Abercrombie & Fitch by 8.1%, selling 66,068 shares during the first quarter, and now owns 1.58% of the company.
• Several institutional investors increased their stakes in Abercrombie & Fitch, with UMB Bank boosted by 161.4% during the same period.
• Abercrombie & Fitch reported earnings of $1.59 EPS, exceeding analyst expectations, and has a projected EPS of 10.62 for the current year.

Charles Schwab Investment Management Inc. lessened its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 751,242 shares of the apparel retailer's stock after selling 66,068 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.58% of Abercrombie & Fitch worth $57,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ANF. UMB Bank n.a. boosted its stake 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 acquiring an additional 360 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 acquiring an additional 260 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Abercrombie & Fitch by 166.7% during the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 530 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in shares of Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after acquiring an additional 366 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $70,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ANF shares. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Jefferies Financial Group reduced their target price 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 reduced their target price 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, Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $111.88.

Abercrombie & Fitch Stock Down 3.5%

Shares of Abercrombie & Fitch stock opened at $93.92 on Friday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $172.90. The firm has a market cap of $4.47 billion, a PE ratio of 9.24 and a beta of 1.54. The business's fifty day moving average is $89.50 and its two-hundred day moving average is $86.41.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued 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. 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 prior year, the company posted $2.14 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS 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.

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