Cambridge Investment Research Advisors Inc. Grows Position in Abercrombie & Fitch Company (NYSE:ANF)

Cambridge Investment Research Advisors Inc. increased its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 197.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,647 shares of the apparel retailer’s stock after acquiring an additional 9,719 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Abercrombie & Fitch were worth $1,119,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in Abercrombie & Fitch by 14.9% in the 4th quarter. HighTower Advisors LLC now owns 4,157 shares of the apparel retailer’s stock worth $621,000 after buying an additional 540 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Abercrombie & Fitch by 152.0% during the 4th 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. GAMMA Investing LLC lifted its position in shares of Abercrombie & Fitch by 13,763.7% during the 1st 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. LPL Financial LLC lifted its holdings in Abercrombie & Fitch by 16.7% in the 4th quarter. LPL Financial LLC now owns 15,614 shares of the apparel retailer’s stock valued at $2,334,000 after purchasing an additional 2,235 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Abercrombie & Fitch by 22.8% in the 4th quarter. US Bancorp DE now owns 1,812 shares of the apparel retailer’s stock valued at $271,000 after purchasing an additional 336 shares in the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Raymond James Financial dropped their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. Citigroup reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday, June 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.63.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $91.73 on Friday. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 9.03 and a beta of 1.46. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $183.70. The stock’s fifty day moving average is $77.87 and its two-hundred day moving average is $96.26.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.14 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast 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.