Pacer Advisors Inc. reduced its stake in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 24.8% during the 4th quarter, Holdings Channel reports. The firm owned 144,103 shares of the apparel retailer’s stock after selling 47,409 shares during the period. Pacer Advisors Inc.’s holdings in Abercrombie & Fitch were worth $18,138,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Abercrombie & Fitch by 322.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after buying an additional 190 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after buying an additional 148 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Abercrombie & Fitch by 94.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock worth $44,000 after buying an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $44,000.
Abercrombie & Fitch Trading Up 0.0%
ANF stock opened at $87.28 on Friday. The stock has a 50-day moving average price of $83.18 and a two-hundred day moving average price of $95.18. The stock has a market cap of $3.88 billion, a PE ratio of 8.38 and a beta of 0.92. Abercrombie & Fitch Company has a 1 year low of $65.45 and a 1 year high of $133.11.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ANF. UBS Group cut their price target on shares of Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating on the stock 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. BTIG Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, 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 report on Thursday, May 28th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.64.
Check Out Our Latest Analysis 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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