Abercrombie & Fitch Company (NYSE:ANF) Shares Bought by Easterly Investment Partners LLC

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

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Abercrombie & Fitch by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock valued at $860,303,000 after purchasing an additional 53,999 shares during the last quarter. Invesco Ltd. grew its holdings in Abercrombie & Fitch by 150.7% during the 4th quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock valued at $221,910,000 after buying an additional 892,492 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Abercrombie & Fitch by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock worth $183,829,000 after acquiring an additional 212,155 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Abercrombie & Fitch by 12.6% in the fourth quarter. Marshall Wace LLP now owns 1,037,773 shares of the apparel retailer's stock valued at $155,116,000 after purchasing an additional 115,758 shares in the last quarter. Finally, Northern Trust Corp increased its position in Abercrombie & Fitch by 24.7% in the fourth quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock worth $111,463,000 after purchasing an additional 147,779 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective 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. Raymond James Financial reduced their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Jefferies Financial Group dropped their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $0.12 on Friday, hitting $93.57. The stock had a trading volume of 1,817,319 shares, compared to its average volume of 2,177,608. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $172.90. The business's fifty day moving average price is $81.75 and its 200 day moving average price is $91.13. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 9.21 and a beta of 1.46.

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, topping analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The company's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, sell-side 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.