Universal Beteiligungs und Servicegesellschaft mbH Reduces Stake in Abercrombie & Fitch Company (NYSE:ANF)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 40.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,387 shares of the apparel retailer's stock after selling 27,937 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Abercrombie & Fitch worth $3,084,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. UMB Bank n.a. lifted its stake in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares during the period. IFP Advisors Inc increased its position in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after acquiring an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. increased its position in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after acquiring an additional 366 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at $70,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ANF shares. Jefferies Financial Group lowered 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 note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a research note on Monday. Raymond James Financial dropped their target price on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.88.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded down $5.09 during trading hours on Friday, reaching $90.93. The stock had a trading volume of 2,593,590 shares, compared to its average volume of 2,483,061. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 8.95 and a beta of 1.46. The business's 50 day moving average price is $84.97 and its 200-day moving average price is $88.47. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $172.90.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $2.14 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.