Deutsche Bank AG Has $3.56 Million Stock Position in Abercrombie & Fitch Company $ANF

Deutsche Bank AG reduced its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,639 shares of the apparel retailer’s stock after selling 3,582 shares during the quarter. Deutsche Bank AG owned about 0.10% of Abercrombie & Fitch worth $3,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 197.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer’s stock valued at $1,119,000 after acquiring an additional 9,719 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Abercrombie & Fitch by 11.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer’s stock valued at $536,000 after purchasing an additional 698 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Abercrombie & Fitch by 81.5% during the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer’s stock worth $146,000 after acquiring an additional 861 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Abercrombie & Fitch during the first quarter worth $144,000. Finally, Private Advisor Group LLC lifted its position in shares of Abercrombie & Fitch by 51.6% during the first quarter. Private Advisor Group LLC now owns 28,228 shares of the apparel retailer’s stock worth $2,156,000 after acquiring an additional 9,602 shares in the last quarter.

Abercrombie & Fitch Stock Up 2.0%

Shares of ANF opened at $95.67 on Tuesday. The company has a market capitalization of $4.56 billion, a P/E ratio of 9.42 and a beta of 1.54. The firm has a 50 day moving average of $89.78 and a 200 day moving average of $85.73. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $172.90.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ANF. Morgan Stanley increased their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an “equal weight” rating in a report on Thursday, May 29th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group lowered their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Finally, UBS Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.