Abercrombie & Fitch Company (NYSE:ANF) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,371 shares of the apparel retailer’s stock after selling 627 shares during the period. Yousif Capital Management LLC’s holdings in Abercrombie & Fitch were worth $1,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in Abercrombie & Fitch by 3.1% in the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock valued at $23,699,000 after buying an additional 4,837 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Abercrombie & Fitch by 52.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 26,855 shares of the apparel retailer’s stock valued at $4,027,000 after buying an additional 9,258 shares in the last quarter. HighTower Advisors LLC raised its stake in Abercrombie & Fitch by 14.9% in the fourth quarter. HighTower Advisors LLC now owns 4,157 shares of the apparel retailer’s stock valued at $621,000 after buying an additional 540 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Abercrombie & Fitch by 152.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 424 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Abercrombie & Fitch by 13,763.7% in the first quarter. GAMMA Investing LLC now owns 146,401 shares of the apparel retailer’s stock valued at $11,181,000 after buying an additional 145,345 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Raymond James Financial dropped their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Jefferies Financial Group dropped their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Citigroup reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.63.

Abercrombie & Fitch Stock Up 0.1%

NYSE ANF opened at $75.06 on Wednesday. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $187.80. The business’s 50-day moving average price is $75.40 and its 200 day moving average price is $101.77. The firm has a market cap of $3.58 billion, a P/E ratio of 7.39 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $2.14 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. As a group, analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Abercrombie & Fitch announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that allows the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.