Fluent Financial LLC Grows Position in Abercrombie & Fitch Company $ANF

Fluent Financial LLC boosted its stake in Abercrombie & Fitch Company (NYSE:ANF) by 39.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,697 shares of the apparel retailer’s stock after buying an additional 10,694 shares during the period. Abercrombie & Fitch makes up approximately 1.3% of Fluent Financial LLC’s portfolio, making the stock its 25th biggest position. Fluent Financial LLC owned about 0.08% of Abercrombie & Fitch worth $3,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after purchasing an additional 569 shares during the last quarter. Parallel Advisors LLC raised its position in Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 527 shares during the period. Finally, Bayforest Capital Ltd raised its position in Abercrombie & Fitch by 102.9% in the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock valued at $65,000 after purchasing an additional 430 shares during the period.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $120.94 on Friday. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $164.80. The stock has a market capitalization of $5.55 billion, a PE ratio of 11.60 and a beta of 1.17. The stock has a 50-day simple moving average of $83.39 and a 200-day simple moving average of $87.13.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ANF shares. The Goldman Sachs Group assumed coverage on Abercrombie & Fitch in a research note on Thursday, December 11th. They issued a “buy” rating and a $120.00 price objective for the company. UBS Group raised their target price on Abercrombie & Fitch from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.10.

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.