Geode Capital Management LLC lowered its stake in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,140,368 shares of the apparel retailer’s stock after selling 10,667 shares during the period. Geode Capital Management LLC owned approximately 2.49% of Abercrombie & Fitch worth $143,562,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Abercrombie & Fitch by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock valued at $601,841,000 after buying an additional 94,697 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Abercrombie & Fitch by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock valued at $163,889,000 after purchasing an additional 22,215 shares during the period. Wellington Management Group LLP boosted its holdings in Abercrombie & Fitch by 5,749.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after purchasing an additional 1,173,601 shares during the period. American Century Companies Inc. boosted its holdings in Abercrombie & Fitch by 41.2% in the 3rd quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after purchasing an additional 343,288 shares during the period. Finally, Boston Partners boosted its holdings in Abercrombie & Fitch by 102.5% in the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock valued at $92,940,000 after purchasing an additional 553,889 shares during the period.
Abercrombie & Fitch Stock Up 1.6%
NYSE ANF opened at $77.61 on Friday. The firm has a 50-day moving average price of $84.74 and a two-hundred day moving average price of $94.77. Abercrombie & Fitch Company has a 12-month low of $65.45 and a 12-month high of $133.11. The company has a market capitalization of $3.47 billion, a P/E ratio of 7.45 and a beta of 0.92.
Analyst Ratings Changes
A number of research firms have issued reports on ANF. Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. UBS Group cut their price objective on shares of Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Raymond James Financial set a $92.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, May 21st. BTIG Research reissued a “buy” rating and issued a $120.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Finally, Barclays boosted their price objective on shares of Abercrombie & Fitch from $76.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.64.
Read Our Latest Stock Report on Abercrombie & Fitch
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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