Bank of New York Mellon Corp Has $30.19 Million Stock Holdings in Abercrombie & Fitch Company (NYSE:ANF)

Bank of New York Mellon Corp trimmed its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,316 shares of the apparel retailer’s stock after selling 21,788 shares during the period. Bank of New York Mellon Corp owned approximately 0.81% of Abercrombie & Fitch worth $30,190,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Abercrombie & Fitch by 150.7% in the 4th quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer’s stock valued at $221,910,000 after buying an additional 892,492 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $56,569,000. Norges Bank acquired a new position in Abercrombie & Fitch during the 4th quarter valued at about $88,478,000. Wellington Management Group LLP lifted its position in shares of Abercrombie & Fitch by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer’s stock worth $183,829,000 after buying an additional 212,155 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter worth approximately $31,371,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Jefferies Financial Group cut their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, May 21st. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating for the company in a report on Monday, June 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.63.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $89.40 on Wednesday. The company’s 50-day moving average price is $80.54 and its two-hundred day moving average price is $92.79. The stock has a market capitalization of $4.26 billion, a PE ratio of 8.80 and a beta of 1.46. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $172.90.

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