Abercrombie & Fitch Company (NYSE:ANF) Shares Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. grew its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 87.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,614 shares of the apparel retailer's stock after buying an additional 50,174 shares during the quarter. Abercrombie & Fitch accounts for approximately 2.2% of Lightrock Netherlands B.V.'s holdings, making the stock its 22nd biggest holding. Lightrock Netherlands B.V. owned approximately 0.22% of Abercrombie & Fitch worth $8,232,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ANF. SBI Securities Co. Ltd. purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at about $27,000. UMB Bank n.a. grew its holdings in Abercrombie & Fitch by 161.4% during 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 during the last quarter. Versant Capital Management Inc grew its holdings in Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares during the last quarter. GeoWealth Management LLC bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $70,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Abercrombie & Fitch in the 1st quarter worth about $76,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Raymond James Financial lowered their target price 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. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Wall Street Zen cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.63.

Abercrombie & Fitch Price Performance

ANF stock traded up $1.88 during trading on Friday, hitting $91.73. The stock had a trading volume of 1,849,836 shares, compared to its average volume of 2,199,979. The stock has a market capitalization of $4.37 billion, a P/E ratio of 9.03 and a beta of 1.46. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $183.70. The company's 50-day moving average price is $77.87 and its two-hundred day moving average price is $96.26.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. Abercrombie & Fitch's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 earnings per share. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal 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.