State of Wyoming Invests $549,000 in Abercrombie & Fitch Company $ANF

State of Wyoming bought a new stake in Abercrombie & Fitch Company (NYSE:ANF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,626 shares of the apparel retailer’s stock, valued at approximately $549,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Abercrombie & Fitch by 486.9% in the second quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock valued at $1,071,000 after purchasing an additional 10,721 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of Abercrombie & Fitch during the 1st quarter valued at about $1,462,000. Fifth Third Bancorp lifted its holdings in shares of Abercrombie & Fitch by 1,205.3% in the 2nd quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock valued at $426,000 after buying an additional 4,749 shares during the period. Timelo Investment Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the second quarter worth about $1,077,000. Finally, QRG Capital Management Inc. acquired a new stake in Abercrombie & Fitch during the second quarter worth about $782,000.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $118.74 on Tuesday. The stock has a market capitalization of $5.45 billion, a PE ratio of 11.38 and a beta of 1.17. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80. The company has a fifty day moving average of $79.98 and a two-hundred day moving average of $86.06.

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, beating the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $2.50 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Ratings Changes

ANF has been the subject of a number of analyst reports. Barclays boosted their price target on Abercrombie & Fitch from $84.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, November 28th. BTIG Research decreased their target price on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Zacks Research upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, November 25th. Six 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 currently has a consensus rating of “Moderate Buy” and an average target price of $110.10.

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.