Arrowstreet Capital Limited Partnership increased its stake in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 195.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 925,451 shares of the apparel retailer’s stock after buying an additional 611,743 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Abercrombie & Fitch were worth $116,487,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Abercrombie & Fitch by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock worth $601,841,000 after buying an additional 94,697 shares during the last quarter. AQR Capital Management LLC lifted its stake in Abercrombie & Fitch by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock valued at $163,889,000 after buying an additional 22,215 shares in the last quarter. Wellington Management Group LLP lifted its stake in Abercrombie & Fitch by 5,749.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after buying an additional 1,173,601 shares in the last quarter. American Century Companies Inc. lifted its stake in Abercrombie & Fitch by 41.2% in the 3rd quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after buying an additional 343,288 shares in the last quarter. Finally, Boston Partners lifted its stake in Abercrombie & Fitch by 102.5% in the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock valued at $92,940,000 after buying an additional 553,889 shares in the last quarter.
Abercrombie & Fitch Trading Up 0.4%
Shares of NYSE ANF opened at $90.90 on Tuesday. Abercrombie & Fitch Company has a 12-month low of $65.45 and a 12-month high of $133.11. The company has a market cap of $4.04 billion, a P/E ratio of 8.72 and a beta of 0.92. The stock has a fifty day moving average price of $84.01 and a 200 day moving average price of $95.43.
Analysts Set New Price Targets
ANF has been the topic of a number of recent research reports. UBS Group reduced their target price on Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Raymond James Financial set a $92.00 price target on Abercrombie & Fitch in a report on Thursday, May 21st. Jefferies Financial Group cut their price target on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $120.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.64.
Read Our Latest Analysis on Abercrombie & Fitch
Abercrombie & Fitch Company 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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