Y Intercept Hong Kong Ltd Increases Stock Holdings in Abercrombie & Fitch Company $ANF

Y Intercept Hong Kong Ltd increased its stake in Abercrombie & Fitch Company (NYSE:ANF) by 61.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 69,070 shares of the apparel retailer’s stock after acquiring an additional 26,386 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Abercrombie & Fitch were worth $5,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANF. NewEdge Advisors LLC lifted its stake in 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 buying an additional 227 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth $38,000. Blue Trust Inc. purchased a new stake in shares of Abercrombie & Fitch during the third quarter worth $38,000. EverSource Wealth Advisors LLC raised its position in shares of Abercrombie & Fitch by 392.4% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after buying an additional 569 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Abercrombie & Fitch by 100.9% in the second quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock worth $72,000 after buying an additional 434 shares in the last quarter.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $96.15 on Friday. The company has a market capitalization of $4.41 billion, a PE ratio of 9.22 and a beta of 1.17. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $133.11. The firm has a 50 day moving average price of $106.25 and a 200 day moving average price of $93.28.

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

Analyst Ratings Changes

Several brokerages recently issued reports on ANF. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $135.00 in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. Finally, UBS Group upped their price objective on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.60.

About Abercrombie & Fitch

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.