Allspring Global Investments Holdings LLC grew its stake in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 45.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,020 shares of the apparel retailer’s stock after acquiring an additional 61,437 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.43% of Abercrombie & Fitch worth $24,379,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ANF. AQR Capital Management LLC grew its position in Abercrombie & Fitch by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock worth $163,889,000 after purchasing an additional 22,215 shares during the period. Wellington Management Group LLP boosted its stake in shares of Abercrombie & Fitch by 5,749.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after buying an additional 1,173,601 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Abercrombie & Fitch by 41.2% in the third quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock worth $100,691,000 after acquiring an additional 343,288 shares during the period. Boston Partners grew its holdings in shares of Abercrombie & Fitch by 102.5% in the third quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock worth $92,940,000 after acquiring an additional 553,889 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Abercrombie & Fitch by 10,469.4% in the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after purchasing an additional 983,705 shares during the last quarter.
Abercrombie & Fitch Stock Performance
NYSE ANF opened at $92.36 on Friday. The business’s 50 day moving average price is $92.66 and its 200-day moving average price is $92.44. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $133.11. The company has a market cap of $4.15 billion, a P/E ratio of 8.76 and a beta of 1.13.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on ANF shares. Jefferies Financial Group cut their price target on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group initiated coverage on shares of Abercrombie & Fitch in a research note on Thursday, December 11th. They set a “buy” rating and a $120.00 price target on the stock. Needham & Company LLC assumed coverage on Abercrombie & Fitch in a report on Thursday, March 26th. They issued a “buy” rating and a $108.00 target price on the stock. UBS Group reduced their price target on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $135.00 in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.82.
Check Out Our Latest Analysis on ANF
Insider Buying and Selling at Abercrombie & Fitch
In related news, CEO Fran Horowitz sold 29,769 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $100.00, for a total value of $2,976,900.00. Following the completion of the sale, the chief executive officer owned 308,503 shares in the company, valued at approximately $30,850,300. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 350,000 shares of company stock worth $34,661,358 over the last ninety days. Insiders own 2.29% of the company’s stock.
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.
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