Easterly Investment Partners LLC Purchases 4,269 Shares of Abercrombie & Fitch Company (NYSE:ANF)

Easterly Investment Partners LLC increased its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,627 shares of the apparel retailer's stock after acquiring an additional 4,269 shares during the period. Easterly Investment Partners LLC owned approximately 0.07% of Abercrombie & Fitch worth $2,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burns Matteson Capital Management LLC acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at approximately $213,000. LMG Wealth Partners LLC raised its holdings in shares of Abercrombie & Fitch by 14.9% in the first quarter. LMG Wealth Partners LLC now owns 13,082 shares of the apparel retailer's stock valued at $999,000 after buying an additional 1,701 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Abercrombie & Fitch by 139.7% during the first quarter. Victory Capital Management Inc. now owns 60,810 shares of the apparel retailer's stock worth $4,644,000 after purchasing an additional 35,443 shares in the last quarter. Reyes Financial Architecture Inc. grew its position in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after buying an additional 366 shares during the period. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of Abercrombie & Fitch in the first quarter valued at approximately $1,722,000.

Abercrombie & Fitch Stock Up 4.2%

Shares of ANF stock traded up $3.78 during trading on Thursday, reaching $93.40. The company's stock had a trading volume of 1,898,542 shares, compared to its average volume of 2,210,440. The business has a fifty day moving average price of $81.34 and a 200-day moving average price of $92.34. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $172.90. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 9.19 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm posted $2.14 earnings per share. The company's quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ANF. Jefferies Financial Group decreased their target price 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. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Finally, Raymond James Financial reduced 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $110.63.

About Abercrombie & Fitch

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.