Abercrombie & Fitch Company (NYSE:ANF) Shares Sold by Zweig DiMenna Associates LLC

Key Points

• Zweig DiMenna Associates LLC significantly reduced its stake in Abercrombie & Fitch by 69%, selling 33,400 shares and now holding only 15,000 shares valued at $1.146 million.
• Abercrombie & Fitch reported $1.59 earnings per share in its recent quarterly earnings, surpassing analysts' expectations of $1.35, with a 7.5% revenue increase year-over-year.
• Analysts have mixed ratings on Abercrombie & Fitch, with target prices ranging from $78.00 to $147.00, and an overall average rating of "Moderate Buy."

Zweig DiMenna Associates LLC cut its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 69.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,000 shares of the apparel retailer's stock after selling 33,400 shares during the quarter. Zweig DiMenna Associates LLC's holdings in Abercrombie & Fitch were worth $1,146,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares in the last quarter. Versant Capital Management Inc grew its position 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 valued at $56,000 after purchasing an additional 260 shares during the period. IFP Advisors Inc grew 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 period. Reyes Financial Architecture Inc. grew 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 period. Finally, GeoWealth Management LLC purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at about $70,000.

Analysts Set New Price Targets

A number of research analysts have commented on ANF shares. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Raymond James Financial lowered their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Morgan Stanley boosted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.88.

Abercrombie & Fitch Stock Down 1.1%

ANF traded down $1.07 during trading on Tuesday, reaching $97.56. The stock had a trading volume of 710,887 shares, compared to its average volume of 2,482,126. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 9.61 and a beta of 1.46. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $172.90. The stock has a 50 day moving average of $83.63 and a two-hundred day moving average of $88.61.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 42.32% and a net margin of 10.60%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 earnings per share. On average, research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal 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.