Havemeyer Place LP bought a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 12,008 shares of the apparel retailer’s stock, valued at approximately $1,511,000.
Several other hedge funds have also recently added to or reduced their stakes in ANF. Wellington Management Group LLP increased its holdings in Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after acquiring an additional 1,173,601 shares in the last quarter. Norges Bank acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $98,961,000. M&T Bank Corp acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $86,383,000. Boston Partners raised its position in shares of Abercrombie & Fitch by 102.5% during the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock worth $92,940,000 after purchasing an additional 553,889 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Abercrombie & Fitch by 220.2% during the 2nd quarter. Bank of America Corp DE now owns 606,254 shares of the apparel retailer’s stock worth $50,228,000 after purchasing an additional 416,924 shares during the last quarter.
Abercrombie & Fitch Price Performance
Shares of NYSE ANF opened at $75.21 on Friday. The company has a market cap of $3.36 billion, a PE ratio of 7.22 and a beta of 0.92. Abercrombie & Fitch Company has a 12 month low of $65.45 and a 12 month high of $133.11. The company has a 50-day simple moving average of $84.48 and a 200-day simple moving average of $94.64.
Analyst Ratings Changes
A number of research firms have recently weighed in on ANF. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $108.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Tuesday. Barclays boosted their price target on Abercrombie & Fitch from $76.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus target price of $112.64.
View Our Latest Research Report on ANF
Abercrombie & Fitch Profile
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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