Westfield Capital Management Co. LP Sells 187,462 Shares of Abercrombie & Fitch Company (NYSE:ANF)

Key Points

• Westfield Capital Management Co. LP has reduced its stake in Abercrombie & Fitch by 28.1% to approximately $36.63 million after selling nearly 187,462 shares in the first quarter.
• Abercrombie & Fitch's recent earnings report showed an EPS of $1.59, exceeding expectations, with revenue of $1.10 billion, marking a year-over-year increase of 7.5%.
• Analyst ratings for Abercrombie & Fitch indicate a consensus rating of "Moderate Buy" with a target price averaging $111.88.

Westfield Capital Management Co. LP reduced its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,651 shares of the apparel retailer's stock after selling 187,462 shares during the period. Westfield Capital Management Co. LP owned 1.01% of Abercrombie & Fitch worth $36,631,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of Abercrombie & Fitch by 161.4% in the first 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 increased its stake in shares of Abercrombie & Fitch by 55.6% in the first 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 stake in shares of Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 530 shares during the period. Reyes Financial Architecture Inc. increased its stake in shares of Abercrombie & Fitch by 68.0% in the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after purchasing an additional 366 shares during the period. Finally, GeoWealth Management LLC bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $70,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ANF shares. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Raymond James Financial lowered their price target 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. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Citigroup restated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $141.00 to $151.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and an average price target of $111.88.

Abercrombie & Fitch Stock Performance

NYSE ANF traded down $0.35 during trading on Friday, reaching $103.01. 1,317,575 shares of the company traded hands, compared to its average volume of 1,854,896. The stock's 50 day moving average price is $87.49 and its two-hundred day moving average price is $87.25. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 10.14 and a beta of 1.54. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year 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 the consensus estimate of $1.35 by $0.24. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. Abercrombie & Fitch's 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 EPS. Equities research analysts expect 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.