RFG Advisory LLC purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) during the fourth quarter, Holdings Channel reports. The fund purchased 12,791 shares of the apparel retailer’s stock, valued at approximately $1,610,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Abercrombie & Fitch by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock valued at $601,841,000 after purchasing an additional 94,697 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Abercrombie & Fitch by 1.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock valued at $163,889,000 after purchasing an additional 22,215 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after purchasing an additional 1,173,601 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Abercrombie & Fitch by 41.2% during the 3rd quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after purchasing an additional 343,288 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Abercrombie & Fitch by 102.5% during the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock valued at $92,940,000 after purchasing an additional 553,889 shares in the last quarter.
Abercrombie & Fitch Price Performance
Shares of ANF opened at $77.95 on Friday. The company has a market capitalization of $3.49 billion, a PE ratio of 7.40 and a beta of 0.97. Abercrombie & Fitch Company has a one year low of $65.45 and a one year high of $133.11. The company’s fifty day moving average price is $90.46 and its 200 day moving average price is $94.10.
Analysts Set New Price Targets
ANF has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $114.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 5th. Needham & Company LLC initiated coverage on shares of Abercrombie & Fitch in a report on Thursday, March 26th. They issued a “buy” rating and a $108.00 target price on the stock. Barclays dropped their target price on shares of Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Finally, UBS Group dropped their target price on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.45.
Get Our Latest Stock Report on Abercrombie & Fitch
Abercrombie & Fitch Company Profile
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.
Further Reading
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