Abercrombie & Fitch Company (NYSE:ANF) Stake Lessened by Arizona State Retirement System

Arizona State Retirement System lessened its stake in Abercrombie & Fitch Company (NYSE:ANF) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,449 shares of the apparel retailer’s stock after selling 382 shares during the period. Arizona State Retirement System’s holdings in Abercrombie & Fitch were worth $1,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANF. GeoWealth Management LLC bought a new stake in Abercrombie & Fitch in the fourth quarter worth about $70,000. UMB Bank n.a. increased its holdings in shares of Abercrombie & Fitch by 161.4% in the 1st 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. Versant Capital Management Inc increased its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st 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. Signaturefd LLC increased its holdings in shares of Abercrombie & Fitch by 309.5% in the 4th quarter. Signaturefd LLC now owns 823 shares of the apparel retailer’s stock valued at $123,000 after purchasing an additional 622 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Abercrombie & Fitch in the 1st quarter valued at about $76,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on ANF shares. UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an “equal weight” rating in a report on Thursday, May 29th. Jefferies Financial Group cut their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $110.63.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $93.57 on Friday. The firm has a market cap of $4.46 billion, a PE ratio of 9.21 and a beta of 1.46. The stock’s fifty day moving average price is $81.75 and its two-hundred day moving average price is $91.56. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $172.90.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data 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 return on equity of 42.32% and a net margin of 10.60%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business earned $2.14 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

About Abercrombie & Fitch

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.