Stratos Wealth Advisors LLC Makes New Investment in Abercrombie & Fitch Company (NYSE:ANF)

Stratos Wealth Advisors LLC bought a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,543 shares of the apparel retailer's stock, valued at approximately $1,722,000.

A number of other institutional investors have also recently added to or reduced their stakes in ANF. Invesco Ltd. lifted its position in shares of Abercrombie & Fitch by 150.7% during the 4th quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock valued at $221,910,000 after acquiring an additional 892,492 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Abercrombie & Fitch in the first quarter valued at $56,569,000. Norges Bank purchased a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $88,478,000. Wellington Management Group LLP lifted its holdings in shares of Abercrombie & Fitch by 20.8% in the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock valued at $183,829,000 after purchasing an additional 212,155 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $31,371,000.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF traded down $0.20 during mid-day trading on Wednesday, reaching $86.79. The company had a trading volume of 1,627,426 shares, compared to its average volume of 2,204,968. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $183.70. The stock has a market capitalization of $4.13 billion, a PE ratio of 8.54 and a beta of 1.46. The stock's 50 day moving average is $78.58 and its 200-day moving average is $95.01.

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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. Abercrombie & Fitch's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 earnings per share. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ANF. JPMorgan Chase & Co. reduced their target price on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, June 16th. Citigroup restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Jefferies Financial Group reduced their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Morgan Stanley increased their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.