Abercrombie & Fitch Company (NYSE:ANF) Stock Holdings Reduced by Vestcor Inc

Key Points

• Vestcor Inc has reduced its holdings in Abercrombie & Fitch by 35.0%, now owning approximately 24,919 shares valued at around $1.9 million.
• Invesco Ltd. significantly increased its stake in Abercrombie & Fitch by 150.7%, now possessing 1.48 million shares worth about $221.9 million.
• Abercrombie & Fitch reported earnings per share of $1.59 for the last quarter, exceeding analyst expectations of $1.35, with revenue of $1.10 billion.

Vestcor Inc trimmed its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 35.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,919 shares of the apparel retailer's stock after selling 13,399 shares during the quarter. Vestcor Inc owned approximately 0.05% of Abercrombie & Fitch worth $1,903,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ANF. GeoWealth Management LLC acquired a new position in shares of Abercrombie & Fitch in the 4th quarter worth approximately $70,000. UMB Bank n.a. boosted its position in Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares during the period. Versant Capital Management Inc boosted its position in Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares during the period. IFP Advisors Inc boosted its position in Abercrombie & Fitch by 166.7% during the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 530 shares during the period. Finally, Reyes Financial Architecture Inc. boosted its position in Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after purchasing an additional 366 shares during the period.

Analysts Set New Price Targets

ANF has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective 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. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price objective 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. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, Raymond James Financial cut their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.88.

Abercrombie & Fitch Stock Performance

ANF traded down $5.09 during trading on Friday, reaching $90.93. The company had a trading volume of 2,593,765 shares, compared to its average volume of 1,754,860. The firm's 50-day simple moving average is $85.32 and its 200 day simple moving average is $87.90. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 8.95 and a beta of 1.54. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $172.90.

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, beating the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. Abercrombie & Fitch's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.14 earnings per share. On average, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current 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.