Abercrombie & Fitch Company $ANF Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Abercrombie & Fitch Company (NYSE:ANF) by 19.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 135,583 shares of the apparel retailer’s stock after selling 33,176 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Abercrombie & Fitch were worth $11,682,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in Abercrombie & Fitch by 486.9% in the 2nd 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 in the 1st quarter valued at about $1,462,000. Fifth Third Bancorp boosted 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 in the last quarter. Timelo Investment Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $1,077,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $782,000.

Analysts Set New Price Targets

ANF has been the subject of several recent research reports. Morgan Stanley increased their price target on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Jefferies Financial Group restated a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a research report on Monday. UBS Group increased their price target on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Finally, Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $113.10.

Abercrombie & Fitch Trading Up 0.4%

Shares of Abercrombie & Fitch stock opened at $124.29 on Tuesday. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $164.80. The business’s 50 day simple moving average is $95.66 and its 200-day simple moving average is $90.90. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 11.92 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $2.50 EPS. Abercrombie & Fitch’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts predict 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.