Impala Asset Management LLC Has $8.20 Million Stock Position in Abercrombie & Fitch Company $ANF

Impala Asset Management LLC lowered its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 13.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 99,000 shares of the apparel retailer’s stock after selling 14,883 shares during the quarter. Abercrombie & Fitch makes up approximately 4.8% of Impala Asset Management LLC’s portfolio, making the stock its 9th largest holding. Impala Asset Management LLC’s holdings in Abercrombie & Fitch were worth $8,202,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Abercrombie & Fitch by 198.2% during the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock valued at $144,582,000 after acquiring an additional 1,300,070 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Abercrombie & Fitch during the second quarter valued at approximately $61,643,000. Norges Bank purchased a new position in Abercrombie & Fitch during the second quarter valued at $61,584,000. Nuveen LLC purchased a new stake in Abercrombie & Fitch in the first quarter worth about $32,924,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Abercrombie & Fitch by 1,089.8% in the second quarter. Russell Investments Group Ltd. now owns 458,614 shares of the apparel retailer’s stock worth $37,996,000 after purchasing an additional 420,068 shares in the last quarter.

Analyst Upgrades and Downgrades

ANF has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Barclays boosted their price objective on Abercrombie & Fitch from $84.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, November 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, November 25th. Wall Street Zen raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group increased their target price on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.10.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $111.88 on Friday. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 10.73 and a beta of 1.17. The company has a 50 day moving average price of $79.16 and a 200-day moving average price of $85.82. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.22. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.50 EPS. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.