Prudential PLC Acquires Shares of 6,058 Abercrombie & Fitch Company (NYSE:ANF)

Key Points

• Prudential PLC has acquired 6,058 shares of Abercrombie & Fitch (NYSE:ANF), valued at approximately $463,000, in its recent first-quarter disclosure.
• Multiple institutional investors have also increased their stakes in Abercrombie & Fitch, including Canada Pension Plan Investment Board, which boosted its stake by 620.6%, holding 77,100 shares worth about $11,524,000.
• Abercrombie & Fitch reported a quarterly EPS of $1.59, surpassing analysts' expectations, along with a revenue growth of 7.5% year-over-year.

Prudential PLC acquired a new stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 6,058 shares of the apparel retailer's stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANF. Envestnet Asset Management Inc. raised its holdings in 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 acquiring an additional 17,377 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Abercrombie & Fitch by 107.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 25,887 shares of the apparel retailer's stock worth $3,869,000 after acquiring an additional 13,418 shares in the last quarter. Mariner LLC raised its stake in Abercrombie & Fitch by 5.9% during the fourth quarter. Mariner LLC now owns 8,262 shares of the apparel retailer's stock worth $1,235,000 after acquiring an additional 458 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $230,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Abercrombie & Fitch by 620.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 77,100 shares of the apparel retailer's stock valued at $11,524,000 after purchasing an additional 66,400 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ANF shares. 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. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Citigroup restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Morgan Stanley boosted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Three 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 an average rating of "Moderate Buy" and a consensus target price of $111.88.

Abercrombie & Fitch Stock Down 3.5%

Shares of ANF stock opened at $93.92 on Friday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 9.24 and a beta of 1.54. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $172.90. The stock's fifty day simple moving average is $89.50 and its 200 day simple moving average is $86.15.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The business's revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.

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