Victory Capital Management Inc. Has $4.64 Million Stock Position in Abercrombie & Fitch Company (NYSE:ANF)

Victory Capital Management Inc. grew its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 139.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,810 shares of the apparel retailer's stock after purchasing an additional 35,443 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of Abercrombie & Fitch worth $4,644,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Reyes Financial Architecture Inc. increased its holdings in Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after purchasing an additional 366 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in Abercrombie & Fitch during the first quarter worth approximately $1,722,000. Dupree Financial Group LLC acquired a new stake in Abercrombie & Fitch during the first quarter worth approximately $1,533,000. Lightrock Netherlands B.V. lifted its position in Abercrombie & Fitch by 87.4% during the first quarter. Lightrock Netherlands B.V. now owns 107,614 shares of the apparel retailer's stock worth $8,232,000 after acquiring an additional 50,174 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of Abercrombie & Fitch by 610.2% in the first quarter. Vontobel Holding Ltd. now owns 15,702 shares of the apparel retailer's stock valued at $1,199,000 after buying an additional 13,491 shares in the last quarter.

Abercrombie & Fitch Stock Down 1.7%

Abercrombie & Fitch stock opened at $92.25 on Friday. The firm has a 50 day moving average price of $83.22 and a 200-day moving average price of $89.48. The company has a market capitalization of $4.39 billion, a P/E ratio of 9.08 and a beta of 1.46. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $172.90.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion during 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%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $2.14 EPS. Equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Raymond James Financial reduced their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Jefferies Financial Group lowered their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch Company 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.

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