Gallacher Capital Management LLC Has $337,000 Stake in Abercrombie & Fitch Company (NYSE:ANF)

Gallacher Capital Management LLC boosted its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 210.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,415 shares of the apparel retailer's stock after purchasing an additional 2,991 shares during the quarter. Gallacher Capital Management LLC's holdings in Abercrombie & Fitch were worth $337,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ANF. Invesco Ltd. grew its holdings in Abercrombie & Fitch by 150.7% in the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock valued at $221,910,000 after purchasing an additional 892,492 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Abercrombie & Fitch in the first quarter valued at approximately $56,569,000. Norges Bank acquired a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $88,478,000. Wellington Management Group LLP lifted its position in Abercrombie & Fitch by 20.8% during the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock valued at $183,829,000 after buying an additional 212,155 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $31,371,000.

Wall Street Analyst Weigh In

ANF has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced 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. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Raymond James Financial reduced their price target 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. Jefferies Financial Group reduced 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. Finally, Citigroup reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus price target of $110.63.

Abercrombie & Fitch Trading Down 0.7%

ANF stock traded down $0.62 during mid-day trading on Thursday, reaching $94.44. 643,393 shares of the stock traded hands, compared to its average volume of 2,495,777. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $172.90. The company has a market cap of $4.50 billion, a P/E ratio of 9.29 and a beta of 1.46. The stock's fifty day moving average is $82.38 and its 200-day moving average is $90.72.

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

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.