Abercrombie & Fitch Company (NYSE:ANF) Stock Holdings Decreased by KBC Group NV

KBC Group NV cut its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 80.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,249 shares of the apparel retailer's stock after selling 8,983 shares during the period. KBC Group NV's holdings in Abercrombie & Fitch were worth $172,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ANF. Cambridge Investment Research Advisors Inc. raised its stake in Abercrombie & Fitch by 197.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock valued at $1,119,000 after purchasing an additional 9,719 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Abercrombie & Fitch by 11.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock worth $536,000 after buying an additional 698 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Abercrombie & Fitch by 81.5% in the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock valued at $146,000 after buying an additional 861 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Abercrombie & Fitch by 14.9% in the fourth quarter. HighTower Advisors LLC now owns 4,157 shares of the apparel retailer's stock valued at $621,000 after buying an additional 540 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Abercrombie & Fitch by 152.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer's stock valued at $105,000 after buying an additional 424 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have commented on ANF shares. Jefferies Financial Group lowered their target price 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. Morgan Stanley upped their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Raymond James Financial dropped their price objective on shares of 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, Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Stock Down 0.2%

Shares of NYSE ANF traded down $0.20 on Wednesday, hitting $86.79. The company had a trading volume of 1,627,426 shares, compared to its average volume of 2,210,247. The firm has a market capitalization of $4.13 billion, a P/E ratio of 8.54 and a beta of 1.46. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $182.95. The business has a 50 day moving average of $78.93 and a two-hundred day moving average of $94.95.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned $2.14 EPS. The business's revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share 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.