Illinois Municipal Retirement Fund Grows Stake in Abercrombie & Fitch Company (NYSE:ANF)

Illinois Municipal Retirement Fund lifted its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 50.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,145 shares of the apparel retailer's stock after purchasing an additional 5,081 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Abercrombie & Fitch were worth $1,157,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Abercrombie & Fitch during the 4th quarter valued at approximately $27,000. Private Trust Co. NA raised its stake in Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after acquiring an additional 98 shares during the last quarter. GeoWealth Management LLC purchased a new stake in Abercrombie & Fitch during the 4th quarter valued at approximately $70,000. UMB Bank n.a. raised its stake in Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after acquiring an additional 360 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Abercrombie & Fitch by 152.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer's stock valued at $105,000 after acquiring an additional 424 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on ANF shares. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Jefferies Financial Group reduced their price objective on 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 reissued a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Finally, Citigroup reissued a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $110.63.

Abercrombie & Fitch Stock Up 2.1%

NYSE ANF traded up $1.88 during mid-day trading on Friday, hitting $91.73. The stock had a trading volume of 1,849,836 shares, compared to its average volume of 2,199,979. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $183.70. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 9.03 and a beta of 1.46. The company has a 50 day simple moving average of $77.87 and a 200 day simple moving average of $95.93.

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