Havemeyer Place LP bought a new position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,008 shares of the apparel retailer’s stock, valued at approximately $1,511,000.
Other hedge funds have also modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Abercrombie & Fitch in the third quarter worth approximately $1,881,000. Intech Investment Management LLC lifted its position in shares of Abercrombie & Fitch by 60.6% during the fourth quarter. Intech Investment Management LLC now owns 50,942 shares of the apparel retailer’s stock worth $6,412,000 after purchasing an additional 19,215 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Abercrombie & Fitch by 10.5% during the third quarter. Fisher Asset Management LLC now owns 431,351 shares of the apparel retailer’s stock worth $36,902,000 after purchasing an additional 40,914 shares in the last quarter. American Century Companies Inc. lifted its position 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 purchasing an additional 343,288 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new stake in shares of Abercrombie & Fitch in the third quarter worth $1,191,000.
Abercrombie & Fitch Stock Down 3.2%
ANF stock opened at $75.21 on Friday. The company has a market capitalization of $3.36 billion, a P/E ratio of 7.22 and a beta of 0.92. The company has a 50-day simple moving average of $84.48 and a 200 day simple moving average of $94.64. Abercrombie & Fitch Company has a fifty-two week low of $65.45 and a fifty-two week high of $133.11.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ANF. Barclays lifted their price target on shares of Abercrombie & Fitch from $76.00 to $78.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Telsey Advisory Group lowered their price target on shares of Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. UBS Group lowered their price target on shares of Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Raymond James Financial set a $92.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, May 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.64.
View Our Latest Stock Report on Abercrombie & Fitch
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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