Credit Agricole S A purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the apparel retailer’s stock, valued at approximately $120,000.
Other hedge funds also recently modified their holdings of the company. Frontier Wealth Management LLC bought a new stake in Abercrombie & Fitch Co. during the fourth quarter valued at approximately $180,000. Investec Asset Management LTD raised its stake in shares of Abercrombie & Fitch Co. by 0.4% in the fourth quarter. Investec Asset Management LTD now owns 466,126 shares of the apparel retailer’s stock valued at $5,594,000 after buying an additional 1,972 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Abercrombie & Fitch Co. by 1,226.0% in the fourth quarter. Baird Financial Group Inc. now owns 1,620,821 shares of the apparel retailer’s stock valued at $19,450,000 after buying an additional 1,498,590 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Abercrombie & Fitch Co. during the fourth quarter valued at about $2,460,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Abercrombie & Fitch Co. by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,643,643 shares of the apparel retailer’s stock valued at $67,724,000 after buying an additional 415,257 shares during the last quarter.
Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.17% during mid-day trading on Friday, reaching $11.68. 2,653,289 shares of the company were exchanged. Abercrombie & Fitch Co. has a one year low of $10.50 and a one year high of $28.73. The stock has a 50-day moving average price of $11.49 and a 200 day moving average price of $13.14. The company has a market capitalization of $794.06 million, a PE ratio of 201.38 and a beta of 1.25.
COPYRIGHT VIOLATION NOTICE: This report was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://transcriptdaily.com/2017/04/22/credit-agricole-s-a-acquires-new-stake-in-abercrombie-fitch-co-anf.html.
Several brokerages have issued reports on ANF. Vetr lowered shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and set a $13.36 price target on the stock. in a research note on Monday, March 6th. FBR & Co set a $13.00 price objective on shares of Abercrombie & Fitch Co. and gave the stock a “hold” rating in a research note on Friday, March 3rd. Wolfe Research lowered shares of Abercrombie & Fitch Co. from a “peer perform” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a research note on Friday, March 3rd. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch Co. in a research note on Thursday, March 2nd. Finally, Jefferies Group LLC lowered shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $24.00 to $13.00 in a research note on Tuesday, January 3rd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Abercrombie & Fitch Co. currently has an average rating of “Hold” and an average price target of $17.11.
Abercrombie & Fitch Co. Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
