KBC Group NV Has $172,000 Stake in Abercrombie & Fitch Company (NYSE:ANF)

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

Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Abercrombie & Fitch by 22.8% during the 4th quarter. US Bancorp DE now owns 1,812 shares of the apparel retailer's stock worth $271,000 after buying an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $27,000. Steward Partners Investment Advisory LLC lifted its position in shares of Abercrombie & Fitch by 152.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer's stock worth $105,000 after buying an additional 424 shares during the period. Atria Investments Inc increased its holdings in Abercrombie & Fitch by 7.4% during the 4th quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock valued at $251,000 after purchasing an additional 115 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Abercrombie & Fitch by 34.7% during the 4th quarter. M&T Bank Corp now owns 2,573 shares of the apparel retailer's stock valued at $385,000 after purchasing an additional 663 shares in the last quarter.

Abercrombie & Fitch Trading Down 1.9%

Shares of ANF traded down $1.71 during trading hours on Tuesday, hitting $87.07. 2,444,034 shares of the stock traded hands, compared to its average volume of 2,202,448. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $183.70. The business has a fifty day moving average of $78.23 and a 200-day moving average of $95.06. The firm has a market capitalization of $4.15 billion, a PE ratio of 8.57 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 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm earned $2.14 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ANF shares. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Barclays set a $84.00 price target on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Raymond James Financial cut their price target on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus target price of $110.63.

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.