Jefferies Financial Group Inc. purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,765 shares of the apparel retailer’s stock, valued at approximately $2,236,000.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Abercrombie & Fitch by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock worth $601,841,000 after acquiring an additional 94,697 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 1.1% during the second quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock worth $163,889,000 after acquiring an additional 22,215 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Abercrombie & Fitch by 5,749.6% during the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after acquiring an additional 1,173,601 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Abercrombie & Fitch by 41.2% during 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 last quarter. Finally, Boston Partners grew its stake in shares of Abercrombie & Fitch by 102.5% during 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 last quarter.
Abercrombie & Fitch Stock Down 2.8%
Abercrombie & Fitch stock opened at $75.06 on Wednesday. Abercrombie & Fitch Company has a 52 week low of $65.45 and a 52 week high of $133.11. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 7.12 and a beta of 0.97. The stock has a 50-day moving average price of $86.01 and a 200 day moving average price of $94.41.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. UBS Group dropped their price target on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, March 5th. Finally, Jefferies Financial Group cut their price objective on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $116.00.
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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