Aigen Investment Management LP Takes $253,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Aigen Investment Management LP bought a new position in Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) during the fourth quarter, Holdings Channel reports. The firm bought 11,043 shares of the apparel retailer’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in Abercrombie & Fitch by 2,308.2% in the 4th quarter. Fisher Asset Management LLC now owns 973,675 shares of the apparel retailer’s stock worth $22,307,000 after acquiring an additional 933,244 shares during the last quarter. Millennium Management LLC raised its stake in Abercrombie & Fitch by 149.9% during the second quarter. Millennium Management LLC now owns 1,121,848 shares of the apparel retailer’s stock valued at $18,982,000 after purchasing an additional 672,933 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Abercrombie & Fitch by 48.4% during the third quarter. Balyasny Asset Management LLC now owns 1,811,477 shares of the apparel retailer’s stock valued at $28,168,000 after purchasing an additional 590,747 shares in the last quarter. IPG Investment Advisors LLC bought a new position in Abercrombie & Fitch during the third quarter valued at $8,144,000. Finally, Federated Hermes Inc. grew its stake in shares of Abercrombie & Fitch by 223.6% in the 3rd quarter. Federated Hermes Inc. now owns 489,407 shares of the apparel retailer’s stock worth $7,610,000 after buying an additional 338,178 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on ANF shares. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $28.00 to $32.00 in a research note on Thursday. Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Jefferies Financial Group dropped their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. JPMorgan Chase & Co. reduced their price target on Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Finally, Citigroup boosted their price objective on Abercrombie & Fitch from $24.00 to $33.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.75.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $28.56 on Friday. Abercrombie & Fitch Co. has a 12 month low of $14.02 and a 12 month high of $31.69. The stock’s fifty day moving average price is $24.89 and its 200-day moving average price is $25.25. The firm has a market cap of $1.43 billion, a P/E ratio of 476.00 and a beta of 1.45. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last released its quarterly earnings data on Wednesday, May 24th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.41. The firm had revenue of $836.00 million for the quarter, compared to the consensus estimate of $814.93 million. Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned ($0.27) earnings per share. On average, equities research analysts expect that Abercrombie & Fitch Co. will post 1.43 earnings per share for the current fiscal year.

Abercrombie & Fitch Company Profile

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.