James Investment Research Inc. purchased a new position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,220 shares of the apparel retailer’s stock, valued at approximately $751,000.
A number of other large investors also recently modified their holdings of ANF. NewEdge Advisors LLC grew its stake in Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 227 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Abercrombie & Fitch by 322.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares in the last quarter. Larson Financial Group LLC lifted its stake in Abercrombie & Fitch by 120.3% in the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 148 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Abercrombie & Fitch by 94.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Abercrombie & Fitch in the 4th quarter valued at $44,000.
Abercrombie & Fitch Stock Up 0.1%
Shares of NYSE:ANF opened at $92.41 on Friday. The stock has a market cap of $4.11 billion, a PE ratio of 8.87 and a beta of 0.89. The company’s fifty day moving average is $82.12 and its 200 day moving average is $94.35. Abercrombie & Fitch Company has a 52 week low of $65.45 and a 52 week high of $133.11.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Abercrombie & Fitch from $76.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and set a $108.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. BTIG Research restated a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, May 27th. Telsey Advisory Group decreased their target price on Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. Finally, Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently 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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