Abercrombie & Fitch Company (NYSE:ANF) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 610.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,702 shares of the apparel retailer's stock after acquiring an additional 13,491 shares during the quarter. Vontobel Holding Ltd.'s holdings in Abercrombie & Fitch were worth $1,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ANF. SBI Securities Co. Ltd. bought a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $27,000. UMB Bank n.a. lifted its holdings 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 buying an additional 360 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after acquiring an additional 260 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $70,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Abercrombie & Fitch during the first quarter valued at approximately $76,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ANF shares. Morgan Stanley lifted their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $110.63.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded down $2.69 during trading hours on Tuesday, reaching $86.09. The stock had a trading volume of 1,643,510 shares, compared to its average volume of 2,199,468. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 8.47 and a beta of 1.46. The business's 50 day moving average price is $78.23 and its 200-day moving average price is $95.06. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $183.70.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates 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 was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 EPS. On average, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.