Abercrombie & Fitch Company (NYSE:ANF) Stock Holdings Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 3.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 25,928 shares of the apparel retailer’s stock after selling 1,053 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Abercrombie & Fitch worth $1,980,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ANF. UMB Bank n.a. lifted its position in 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 last quarter. Versant Capital Management Inc lifted its position in 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 last quarter. GeoWealth Management LLC bought a new stake in Abercrombie & Fitch in the 4th quarter valued at about $70,000. Compagnie Lombard Odier SCmA bought a new stake in Abercrombie & Fitch in the 1st quarter valued at about $76,000. Finally, Signaturefd LLC lifted its position in 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 last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Raymond James Financial lowered their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an “overweight” rating on the stock in a research report on Monday, June 16th. Three equities research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $110.63.

Abercrombie & Fitch Trading Up 0.1%

NYSE:ANF opened at $93.57 on Friday. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $172.90. The firm’s fifty day simple moving average is $81.75 and its 200 day simple moving average is $91.56. The firm has a market capitalization of $4.46 billion, a PE ratio of 9.21 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $2.14 EPS. As a group, analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.