Private Advisor Group LLC raised its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 51.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,228 shares of the apparel retailer's stock after buying an additional 9,602 shares during the quarter. Private Advisor Group LLC owned 0.06% of Abercrombie & Fitch worth $2,156,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ANF. Virtue Capital Management LLC grew its position in shares of Abercrombie & Fitch by 1.3% during the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock worth $1,229,000 after buying an additional 102 shares during the period. Evergreen Capital Management LLC grew its holdings in Abercrombie & Fitch by 2.0% during the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock valued at $816,000 after purchasing an additional 108 shares during the period. Covestor Ltd lifted its stake in Abercrombie & Fitch by 19.8% in the fourth quarter. Covestor Ltd now owns 1,194 shares of the apparel retailer's stock valued at $179,000 after buying an additional 197 shares in the last quarter. Alpha DNA Investment Management LLC lifted its stake in Abercrombie & Fitch by 7.0% in the fourth quarter. Alpha DNA Investment Management LLC now owns 3,857 shares of the apparel retailer's stock valued at $577,000 after buying an additional 253 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after buying an additional 260 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ANF. JPMorgan Chase & Co. cut 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 note on Monday, June 16th. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Raymond James Financial cut their price objective 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. Finally, Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.63.
Read Our Latest Report on Abercrombie & Fitch
Abercrombie & Fitch Trading Down 1.7%
NYSE:ANF traded down $1.61 on Friday, reaching $92.25. 1,311,641 shares of the stock traded hands, compared to its average volume of 1,911,503. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 9.08 and a beta of 1.46. The company's 50 day moving average is $83.22 and its 200-day moving average is $89.91. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $172.90.
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 (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $2.14 EPS. Abercrombie & Fitch's revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.
About Abercrombie & Fitch
(
Free Report)
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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