Moran Wealth Management LLC increased its position in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 45.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,748 shares of the apparel retailer’s stock after acquiring an additional 17,476 shares during the quarter. Moran Wealth Management LLC owned approximately 0.12% of Abercrombie & Fitch worth $5,094,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ANF. Vanguard Group Inc. boosted its stake in 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 period. AQR Capital Management LLC boosted its stake in shares of Abercrombie & Fitch by 56.0% in the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock valued at $315,209,000 after buying an additional 898,884 shares during the period. Bbfit Investments PTE Ltd. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter worth about $205,539,000. Wellington Management Group LLP lifted its position in shares of Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after purchasing an additional 1,173,601 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Abercrombie & Fitch by 102.5% during the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock worth $92,940,000 after purchasing an additional 553,889 shares during the last quarter.
Abercrombie & Fitch Stock Performance
ANF opened at $92.41 on Friday. Abercrombie & Fitch Company has a one year low of $65.45 and a one year high of $133.11. The stock has a market capitalization of $4.11 billion, a P/E ratio of 8.87 and a beta of 0.89. The business’s 50-day simple moving average is $82.12 and its 200-day simple moving average is $94.34.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on ANF shares. Telsey Advisory Group decreased their target price on Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. UBS Group dropped their price target on shares of Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $108.00 target price 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.64.
Read Our Latest Research Report on ANF
About Abercrombie & Fitch
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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