Baker Avenue Asset Management LP Has $751,000 Stock Position in Abercrombie & Fitch Company $ANF

Baker Avenue Asset Management LP lessened its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 85.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,063 shares of the apparel retailer’s stock after selling 51,313 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Abercrombie & Fitch were worth $751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch in the second quarter worth about $38,000. EverSource Wealth Advisors LLC increased its stake in Abercrombie & Fitch by 392.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock worth $59,000 after purchasing an additional 569 shares in the last quarter. Parallel Advisors LLC increased its stake in Abercrombie & Fitch by 178.6% during the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after purchasing an additional 527 shares in the last quarter. Bayforest Capital Ltd raised its holdings in Abercrombie & Fitch by 102.9% during the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 430 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in Abercrombie & Fitch by 100.9% in the second quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 434 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ANF. Barclays raised their price objective on shares of Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, November 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Zacks Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Morgan Stanley lifted their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $107.33.

Abercrombie & Fitch Trading Up 4.2%

NYSE ANF opened at $100.03 on Wednesday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 9.59 and a beta of 1.17. The firm’s fifty day moving average price is $77.71 and its two-hundred day moving average price is $85.17. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $2.50 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research 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.