Campbell & CO Investment Adviser LLC Makes New $662,000 Investment in Abercrombie & Fitch Company $ANF

Campbell & CO Investment Adviser LLC purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) in the third quarter, HoldingsChannel reports. The fund purchased 7,738 shares of the apparel retailer’s stock, valued at approximately $662,000.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its stake in Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth $38,000. Blue Trust Inc. purchased a new stake in shares of Abercrombie & Fitch in the third quarter valued at $38,000. EverSource Wealth Advisors LLC increased its stake in Abercrombie & Fitch by 392.4% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after purchasing an additional 569 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 527 shares during the last quarter.

Abercrombie & Fitch Stock Down 3.4%

Shares of ANF stock opened at $100.63 on Wednesday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $134.16. The firm’s 50 day moving average price is $104.65 and its two-hundred day moving average price is $93.11. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 9.65 and a beta of 1.17.

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

Analyst Ratings Changes

A number of brokerages have issued reports on ANF. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. 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 data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.10.

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.