Edgestream Partners L.P. Takes Position in Abercrombie & Fitch Company $ANF

Edgestream Partners L.P. purchased a new position in Abercrombie & Fitch Company (NYSE:ANF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 40,225 shares of the apparel retailer’s stock, valued at approximately $3,333,000. Edgestream Partners L.P. owned approximately 0.08% of Abercrombie & Fitch as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Abercrombie & Fitch by 99.3% in the 1st quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer’s stock valued at $2,376,000 after purchasing an additional 15,500 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Abercrombie & Fitch by 430.8% in the first quarter. Bank of Nova Scotia now owns 9,713 shares of the apparel retailer’s stock worth $742,000 after buying an additional 7,883 shares during the last quarter. Citigroup Inc. raised its holdings in Abercrombie & Fitch by 51.0% in the first quarter. Citigroup Inc. now owns 100,242 shares of the apparel retailer’s stock valued at $7,655,000 after acquiring an additional 33,850 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Abercrombie & Fitch in the first quarter valued at $8,851,000. Finally, Covestor Ltd boosted its stake in Abercrombie & Fitch by 21.9% during the 1st quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer’s stock valued at $111,000 after acquiring an additional 262 shares during the last quarter.

Abercrombie & Fitch Trading Down 0.6%

NYSE:ANF opened at $99.52 on Thursday. The stock has a 50 day moving average of $76.86 and a 200-day moving average of $84.51. The firm has a market capitalization of $4.68 billion, a PE ratio of 9.54 and a beta of 1.17. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.22. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.50 EPS. As a group, analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ANF shares. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Citigroup boosted their price objective on Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, BTIG Research decreased their target price on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Hold” and an average target price of $107.33.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the sale, the director owned 5,880 shares of the company’s stock, valued at $556,248. This trade represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.29% of the stock is currently owned by company insiders.

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.