Dupree Financial Group LLC Takes Position in Abercrombie & Fitch Company (NYSE:ANF)

Dupree Financial Group LLC bought a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,067 shares of the apparel retailer's stock, valued at approximately $1,533,000.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Abercrombie & Fitch during the fourth quarter worth $27,000. GeoWealth Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth about $70,000. UMB Bank n.a. lifted 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 buying an additional 360 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Abercrombie & Fitch by 152.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer's stock worth $105,000 after buying an additional 424 shares during the last quarter. Finally, Versant Capital Management Inc lifted 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 buying an additional 260 shares during the last quarter.

Abercrombie & Fitch Trading Up 1.6%

ANF stock traded up $1.40 during mid-day trading on Thursday, hitting $88.44. The stock had a trading volume of 1,958,730 shares, compared to its average volume of 2,209,246. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $182.95. The firm has a market capitalization of $4.21 billion, a P/E ratio of 8.70 and a beta of 1.46. The firm has a fifty day simple moving average of $78.93 and a 200 day simple moving average of $94.95.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned $2.14 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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