Campbell & CO Investment Adviser LLC Invests $662,000 in Abercrombie & Fitch Company $ANF

Campbell & CO Investment Adviser LLC purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,738 shares of the apparel retailer’s stock, valued at approximately $662,000.

Several other large investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its holdings in Abercrombie & Fitch by 15.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,534 shares of the apparel retailer’s stock valued at $302,000 after purchasing an additional 464 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Abercrombie & Fitch by 2.1% in the third quarter. Nordea Investment Management AB now owns 37,818 shares of the apparel retailer’s stock valued at $3,186,000 after buying an additional 763 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Abercrombie & Fitch during the third quarter worth $139,000. State of Alaska Department of Revenue raised its position in Abercrombie & Fitch by 46.1% in the third quarter. State of Alaska Department of Revenue now owns 7,804 shares of the apparel retailer’s stock worth $667,000 after acquiring an additional 2,464 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in Abercrombie & Fitch in the third quarter valued at $1,880,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ANF shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Abercrombie & Fitch in a research note on Monday, January 5th. BTIG Research restated a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group boosted their price target on Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.10.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $100.63 on Wednesday. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $134.16. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 9.65 and a beta of 1.17. The firm has a 50 day simple moving average of $104.65 and a 200-day simple moving average of $93.11.

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

About Abercrombie & Fitch

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.