New York State Teachers Retirement System Sells 6,100 Shares of Abercrombie & Fitch Company (NYSE:ANF)

New York State Teachers Retirement System lowered its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,338 shares of the apparel retailer's stock after selling 6,100 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Abercrombie & Fitch worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Abercrombie & Fitch during the fourth quarter worth about $27,000. UMB Bank n.a. lifted its stake in shares of Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth approximately $70,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Abercrombie & Fitch during the first quarter valued at approximately $76,000.

Abercrombie & Fitch Trading Up 1.6%

Shares of NYSE:ANF traded up $1.40 during midday trading on Thursday, reaching $88.44. 1,955,873 shares of the company were exchanged, compared to its average volume of 2,209,243. The business's fifty day moving average is $78.93 and its two-hundred day moving average is $94.95. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $182.95. The stock has a market cap of $4.21 billion, a PE ratio of 8.70 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its 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. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. Abercrombie & Fitch's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANF. Raymond James Financial decreased their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their price objective on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, June 16th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Jefferies Financial Group reduced their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch 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.