Abercrombie & Fitch Company $ANF Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in Abercrombie & Fitch Company (NYSE:ANF) by 99.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,114 shares of the apparel retailer’s stock after buying an additional 15,500 shares during the quarter. LPL Financial LLC owned about 0.07% of Abercrombie & Fitch worth $2,376,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its position in Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc increased its stake 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 buying an additional 260 shares during the period. IFP Advisors Inc lifted its position in Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 530 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in shares of Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock valued at $69,000 after buying an additional 366 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $70,000.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $95.67 on Tuesday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 9.42 and a beta of 1.54. The firm has a fifty day moving average price of $89.78 and a two-hundred day moving average price of $85.73. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week 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 for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $2.14 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 price target on shares of Abercrombie & Fitch and gave the company an “equal weight” rating in a report on Thursday, May 29th. Morgan Stanley upped their price objective on shares of 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 report on Wednesday, May 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.88.

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.