KBC Group NV Sells 8,983 Shares of Abercrombie & Fitch Company (NYSE:ANF)

KBC Group NV trimmed its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 80.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,249 shares of the apparel retailer’s stock after selling 8,983 shares during the quarter. KBC Group NV’s holdings in Abercrombie & Fitch were worth $172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANF. US Bancorp DE boosted its stake in Abercrombie & Fitch by 22.8% in the 4th quarter. US Bancorp DE now owns 1,812 shares of the apparel retailer’s stock worth $271,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC boosted 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 acquiring an additional 424 shares during the last quarter. Atria Investments Inc boosted its position in shares of Abercrombie & Fitch by 7.4% during the 4th quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer’s stock valued at $251,000 after acquiring an additional 115 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Abercrombie & Fitch by 34.7% during the 4th quarter. M&T Bank Corp now owns 2,573 shares of the apparel retailer’s stock valued at $385,000 after acquiring an additional 663 shares during the last quarter.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $91.73 on Monday. The company has a market cap of $4.37 billion, a PE ratio of 9.03 and a beta of 1.46. The business has a 50-day simple moving average of $77.87 and a two-hundred day simple moving average of $95.52. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $183.70.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $2.14 earnings per share. On average, sell-side analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Raymond James Financial decreased their price target on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their price target on Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating on the stock in a report on Monday, June 16th. UBS Group restated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.63.

Abercrombie & Fitch Company 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.