Pacer Advisors Inc. Decreases Stock Holdings in Abercrombie & Fitch Company $ANF

Pacer Advisors Inc. reduced its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 39.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,512 shares of the apparel retailer’s stock after selling 123,911 shares during the period. Pacer Advisors Inc. owned approximately 0.41% of Abercrombie & Fitch worth $16,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ANF. AQR Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 198.2% in the 1st 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. Valeo Financial Advisors LLC raised its position in Abercrombie & Fitch by 10,469.4% during the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after purchasing an additional 983,705 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Abercrombie & Fitch during the second quarter valued at approximately $61,643,000. Norges Bank bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at approximately $61,584,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Abercrombie & Fitch by 1,089.8% in the 2nd 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 during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on ANF. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Citigroup increased their target price on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Saturday. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.10.

Abercrombie & Fitch Trading Up 0.0%

NYSE ANF opened at $126.79 on Friday. The stock has a market cap of $5.81 billion, a PE ratio of 12.16 and a beta of 1.17. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $164.80. The company’s 50-day moving average price is $88.89 and its 200-day moving average price is $88.71.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data 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. The company had revenue of $1.29 billion during 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 period in the previous year, the company earned $2.50 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

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.