Stratos Wealth Advisors LLC acquired a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,543 shares of the apparel retailer's stock, valued at approximately $1,722,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANF. Virtue Capital Management LLC increased its position in shares of Abercrombie & Fitch by 1.3% during the fourth 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 increased its position in shares of 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 acquiring an additional 108 shares during the last quarter. Atria Investments Inc increased its position in shares of Abercrombie & Fitch by 7.4% during the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock valued at $251,000 after acquiring an additional 115 shares during the last quarter. Arizona State Retirement System increased its position in shares of Abercrombie & Fitch by 0.8% during the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer's stock valued at $2,217,000 after acquiring an additional 115 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Abercrombie & Fitch by 5.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,525 shares of the apparel retailer's stock valued at $377,000 after acquiring an additional 133 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ANF shares. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Raymond James Financial decreased their target price 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. Finally, UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.63.
Check Out Our Latest Stock Analysis on ANF
Abercrombie & Fitch Trading Up 1.6%
Shares of NYSE ANF traded up $1.40 during mid-day trading on Thursday, hitting $88.44. The company had a trading volume of 1,958,730 shares, compared to its average volume of 2,213,325. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 8.70 and a beta of 1.46. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $179.90. The stock's 50-day moving average price is $79.32 and its 200-day moving average price is $94.51.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.24. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.14 earnings per share. As a group, equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.
Abercrombie & Fitch Profile
(
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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