Abercrombie & Fitch Company (NYSE:ANF) Position Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 5.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,164 shares of the apparel retailer’s stock after selling 1,240 shares during the period. Amalgamated Bank’s holdings in Abercrombie & Fitch were worth $1,693,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Abercrombie & Fitch during the fourth quarter worth approximately $27,000. GeoWealth Management LLC bought a new stake in Abercrombie & Fitch during the fourth quarter worth approximately $70,000. UMB Bank n.a. boosted its holdings 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. Steward Partners Investment Advisory LLC boosted its holdings in Abercrombie & Fitch by 152.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer’s stock worth $105,000 after buying an additional 424 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock worth $56,000 after buying an additional 260 shares in the last quarter.

Abercrombie & Fitch Stock Up 2.1%

ANF stock opened at $91.73 on Monday. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $183.70. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 9.03 and a beta of 1.46. The company has a 50 day moving average of $77.87 and a two-hundred day moving average of $95.52.

Abercrombie & Fitch (NYSE:ANF) last released its 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 net margin of 10.60% and a return on equity of 42.32%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ANF shares. Wall Street Zen cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price objective on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday, June 16th. Raymond James Financial decreased their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, May 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $110.63.

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.