Abercrombie & Fitch Company (NYSE:ANF) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 36.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,435 shares of the apparel retailer's stock after selling 8,392 shares during the quarter. Janney Montgomery Scott LLC's holdings in Abercrombie & Fitch were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth $27,000. Private Trust Co. NA increased its stake in Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock worth $62,000 after acquiring an additional 98 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $69,000. GeoWealth Management LLC purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $70,000. Finally, UMB Bank n.a. lifted its stake in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ANF. Telsey Advisory Group reissued an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the company an "equal weight" rating in a report 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 on the stock in a research note on Wednesday, May 21st. Raymond James Financial lowered their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Finally, Morgan Stanley boosted their price target on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch has an average rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Stock Up 3.6%

Shares of Abercrombie & Fitch stock traded up $2.84 during trading hours on Friday, hitting $82.70. 2,999,777 shares of the company's stock traded hands, compared to its average volume of 2,180,053. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $186.45. The company has a market cap of $3.94 billion, a PE ratio of 8.14 and a beta of 1.47. The stock has a 50 day simple moving average of $76.31 and a 200-day simple moving average of $97.87.

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, beating the consensus estimate of $1.35 by $0.24. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The business's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 EPS. As a group, equities research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.