GAMMA Investing LLC Increases Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

GAMMA Investing LLC raised its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 13,763.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,401 shares of the apparel retailer's stock after purchasing an additional 145,345 shares during the quarter. GAMMA Investing LLC owned 0.30% of Abercrombie & Fitch worth $11,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after acquiring an additional 260 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at approximately $10,212,000. Virtue Capital Management LLC raised its position in Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after purchasing an additional 102 shares during the period. Toronto Dominion Bank bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at approximately $399,000. Finally, Invst LLC lifted its stake in shares of Abercrombie & Fitch by 15.7% in the 4th quarter. Invst LLC now owns 4,017 shares of the apparel retailer's stock valued at $600,000 after purchasing an additional 545 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANF. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $142.00 to $147.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report 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 note on Wednesday, May 28th. Finally, Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.38.

Abercrombie & Fitch Trading Up 4.5%

Shares of NYSE ANF traded up $3.60 during mid-day trading on Friday, reaching $83.12. The company had a trading volume of 2,316,898 shares, compared to its average volume of 2,148,867. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 8.22 and a beta of 1.47. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $194.38. The business's 50-day moving average is $74.69 and its 200-day moving average is $105.22.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued 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. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $2.14 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has initiated a share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

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.