KBC Group NV Sells 8,983 Shares of Abercrombie & Fitch Company (NYSE:ANF)

KBC Group NV cut its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 80.0% in the 1st quarter, according to its most recent disclosure with the SEC. 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Abercrombie & Fitch by 22.8% in the fourth quarter. US Bancorp DE now owns 1,812 shares of the apparel retailer's stock worth $271,000 after buying an additional 336 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC boosted its holdings in Abercrombie & Fitch by 152.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer's stock worth $105,000 after purchasing an additional 424 shares during the last quarter. Atria Investments Inc boosted its holdings in Abercrombie & Fitch by 7.4% in the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock worth $251,000 after purchasing an additional 115 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Abercrombie & Fitch by 34.7% in the fourth quarter. M&T Bank Corp now owns 2,573 shares of the apparel retailer's stock worth $385,000 after purchasing an additional 663 shares during the last quarter.

Analysts Set New Price Targets

ANF has been the topic of several recent research reports. Raymond James Financial decreased 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. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased 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. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Trading Up 1.6%

Shares of ANF stock traded up $1.40 during trading hours on Thursday, reaching $88.44. 1,955,873 shares of the stock were exchanged, compared to its average volume of 2,209,243. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $182.95. The company's 50-day moving average price is $78.93 and its 200-day moving average price is $94.95. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 8.70 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $2.14 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS 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.