XTX Topco Ltd Buys 25,620 Shares of Abercrombie & Fitch Company (NYSE:ANF)

XTX Topco Ltd increased its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 1,664.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,159 shares of the apparel retailer’s stock after purchasing an additional 25,620 shares during the quarter. XTX Topco Ltd’s holdings in Abercrombie & Fitch were worth $2,074,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ANF. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 360 shares during the last quarter. Versant Capital Management Inc lifted its position in Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock valued at $56,000 after acquiring an additional 260 shares during the last quarter. IFP Advisors Inc lifted its position in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock valued at $65,000 after acquiring an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. boosted its stake in Abercrombie & Fitch by 68.0% in the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock valued at $69,000 after acquiring an additional 366 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new position in Abercrombie & Fitch in the fourth quarter worth $70,000.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ANF shares. Citigroup restated a “buy” rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Raymond James Financial cut their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.88.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock opened at $99.15 on Thursday. The stock has a market cap of $4.72 billion, a PE ratio of 9.76 and a beta of 1.46. The firm has a fifty day moving average price of $84.58 and a 200 day moving average price of $88.74. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $172.90.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $2.14 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.