Mirae Asset Global Investments Co. Ltd. Makes New $144,000 Investment in Abercrombie & Fitch Company (NYSE:ANF)

Mirae Asset Global Investments Co. Ltd. purchased a new position in Abercrombie & Fitch Company (NYSE:ANF) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 1,886 shares of the apparel retailer’s stock, valued at approximately $144,000.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch in the 4th quarter worth approximately $27,000. GeoWealth Management LLC bought a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $70,000. UMB Bank n.a. increased its position in shares of Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 360 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Abercrombie & Fitch by 152.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 703 shares of the apparel retailer’s stock valued at $105,000 after purchasing an additional 424 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 260 shares during the period.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $91.73 on Monday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $183.70. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 9.03 and a beta of 1.46. The business’s fifty day moving average price is $77.87 and its two-hundred day moving average price is $95.52.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $2.14 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ANF shares. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Morgan Stanley boosted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their price target on Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating on the stock in a research report on Monday, June 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.