Ruffer LLP Invests $2.05 Million in Abercrombie & Fitch Company (NYSE:ANF)

Key Points

• Ruffer LLP has invested approximately $2.05 million in Abercrombie & Fitch, acquiring 26,830 shares during the first quarter, representing 0.06% of the company's stock.
• Several institutional investors, including UMB Bank and Versant Capital Management, increased their stakes in Abercrombie & Fitch during the same quarter, indicating growing interest from the financial sector.
• Analysts have a moderate buy rating for Abercrombie & Fitch, with target prices ranging from $90 to $151, reflecting varying expectations for the company's performance.

Ruffer LLP purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,830 shares of the apparel retailer's stock, valued at approximately $2,049,000. Ruffer LLP owned about 0.06% of Abercrombie & Fitch at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Virtue Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 1.3% in the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after acquiring an additional 102 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Abercrombie & Fitch by 2.0% in the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock worth $816,000 after purchasing an additional 108 shares during the period. Covestor Ltd boosted its position in shares of Abercrombie & Fitch by 19.8% during the fourth quarter. Covestor Ltd now owns 1,194 shares of the apparel retailer's stock worth $179,000 after purchasing an additional 197 shares in the last quarter. Alpha DNA Investment Management LLC increased its position in shares of Abercrombie & Fitch by 7.0% in the 4th 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 raised its stake in Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares during the period.

Abercrombie & Fitch Stock Up 3.9%

ANF stock traded up $3.89 during midday trading on Wednesday, hitting $103.27. The company's stock had a trading volume of 2,250,534 shares, compared to its average volume of 1,848,986. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 10.16 and a beta of 1.54. The stock's 50-day moving average price is $86.30 and its 200 day moving average price is $87.48. 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 issued its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $2.14 earnings per share. The company's revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the subject of several research reports. Citigroup reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Raymond James Financial reduced their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $111.88.

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.