Pacer Advisors Inc. Lowers Holdings in Abercrombie & Fitch Company $ANF

Pacer Advisors Inc. decreased its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 39.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,512 shares of the apparel retailer’s stock after selling 123,911 shares during the quarter. Pacer Advisors Inc.’s holdings in Abercrombie & Fitch were worth $16,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. Bayforest Capital Ltd lifted its position in shares of Abercrombie & Fitch by 102.9% in the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after purchasing an additional 430 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 178.6% during 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 in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on ANF. BTIG Research reduced their price objective on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. UBS Group boosted their price target on Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Zacks Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. 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 note on Wednesday, November 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Abercrombie & Fitch in a report on Thursday, December 11th. They issued a “buy” rating and a $120.00 target price for the company. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.10.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $126.79 on Friday. The business has a fifty day moving average price of $88.89 and a 200-day moving average price of $88.71. 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 $5.81 billion, a price-to-earnings ratio of 12.16 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly 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 company had revenue of $1.29 billion during 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%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $2.50 earnings per share. On average, equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.