New York State Teachers Retirement System Sells 6,100 Shares of Abercrombie & Fitch Company (NYSE:ANF)

New York State Teachers Retirement System cut its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,338 shares of the apparel retailer’s stock after selling 6,100 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Abercrombie & Fitch worth $4,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Abercrombie & Fitch in the fourth quarter worth $27,000. GeoWealth Management LLC acquired a new stake in Abercrombie & Fitch in the fourth quarter worth $70,000. UMB Bank n.a. raised its holdings in Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 360 shares during the period. Steward Partners Investment Advisory LLC raised its holdings 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 worth $105,000 after purchasing an additional 424 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock worth $56,000 after purchasing an additional 260 shares during the period.

Abercrombie & Fitch Trading Up 2.1%

Shares of ANF stock opened at $91.73 on Monday. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $183.70. The firm’s fifty day moving average price is $77.87 and its two-hundred day moving average price is $95.52. The firm has a market capitalization of $4.37 billion, a P/E ratio of 9.03 and a beta of 1.46.

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 net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $2.14 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ANF shares. UBS Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Raymond James Financial dropped their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Citigroup restated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. 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, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target 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.