Cinctive Capital Management LP grew its position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 350.5% during the 4th quarter, Holdings Channel reports. The firm owned 45,665 shares of the apparel retailer’s stock after purchasing an additional 35,528 shares during the quarter. Cinctive Capital Management LP’s holdings in Abercrombie & Fitch were worth $5,748,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 227 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 322.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 190 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 148 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at about $44,000.
Abercrombie & Fitch Price Performance
Shares of ANF stock opened at $84.78 on Thursday. The stock has a market cap of $3.77 billion, a PE ratio of 8.14 and a beta of 0.92. The stock has a 50-day moving average of $83.69 and a 200-day moving average of $95.31. Abercrombie & Fitch Company has a one year low of $65.45 and a one year high of $133.11.
Analysts Set New Price Targets
A number of research analysts recently issued reports on ANF shares. UBS Group cut their price target on Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Tuesday, June 2nd. Finally, Barclays lifted their price target on Abercrombie & Fitch from $76.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average target price of $112.64.
About Abercrombie & Fitch
Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.
The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.
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