Legacy Capital Group California Inc. Has $288,000 Stock Holdings in Abercrombie & Fitch Company (NYSE:ANF)

Legacy Capital Group California Inc. cut its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 67.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,772 shares of the apparel retailer's stock after selling 7,901 shares during the period. Legacy Capital Group California Inc.'s holdings in Abercrombie & Fitch were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ANF. LPL Financial LLC increased its position in shares of Abercrombie & Fitch by 16.7% during the fourth quarter. LPL Financial LLC now owns 15,614 shares of the apparel retailer's stock worth $2,334,000 after buying an additional 2,235 shares during the period. Franklin Resources Inc. raised its position in shares of Abercrombie & Fitch by 3.5% in the 4th quarter. Franklin Resources Inc. now owns 50,050 shares of the apparel retailer's stock worth $7,481,000 after acquiring an additional 1,712 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Abercrombie & Fitch by 79.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 39,260 shares of the apparel retailer's stock valued at $5,868,000 after purchasing an additional 17,377 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Abercrombie & Fitch by 96.0% during the 4th quarter. Russell Investments Group Ltd. now owns 54,807 shares of the apparel retailer's stock valued at $8,193,000 after purchasing an additional 26,845 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Abercrombie & Fitch by 150.7% during the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock worth $221,910,000 after purchasing an additional 892,492 shares during the period.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $103.27 on Thursday. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $172.90. The company has a market cap of $4.92 billion, a PE ratio of 10.16 and a beta of 1.54. The firm has a 50-day moving average of $86.59 and a 200-day moving average of $87.59.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $2.14 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANF has been the topic of several recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Morgan Stanley boosted their target price 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. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Raymond James Financial dropped their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.88.

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.

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