Maxi Investments CY Ltd acquired a new position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,700 shares of the apparel retailer’s stock, valued at approximately $2,983,000.
Several other large investors also recently added to or reduced their stakes in ANF. AE Wealth Management LLC bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at $4,227,000. Retirement Systems of Alabama raised its holdings in Abercrombie & Fitch by 9.0% in the 3rd quarter. Retirement Systems of Alabama now owns 157,175 shares of the apparel retailer’s stock worth $13,446,000 after purchasing an additional 12,942 shares during the period. AlphaQuest LLC bought a new position in Abercrombie & Fitch in the 3rd quarter worth $1,189,000. Neo Ivy Capital Management purchased a new position in Abercrombie & Fitch during the third quarter valued at $1,881,000. Finally, Fisher Asset Management LLC grew its holdings in Abercrombie & Fitch by 10.5% during the third quarter. Fisher Asset Management LLC now owns 431,351 shares of the apparel retailer’s stock valued at $36,902,000 after purchasing an additional 40,914 shares during the period.
Abercrombie & Fitch Stock Performance
Shares of ANF stock opened at $78.53 on Friday. The stock has a fifty day simple moving average of $90.46 and a two-hundred day simple moving average of $94.10. The firm has a market capitalization of $3.51 billion, a PE ratio of 7.45 and a beta of 0.97. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $133.11.
Analyst Upgrades and Downgrades
ANF has been the subject of a number of analyst reports. Barclays reduced their price target on Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. UBS Group cut their price objective on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, March 4th. Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $117.45.
View Our Latest Stock Report on Abercrombie & Fitch
Abercrombie & Fitch Company 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.
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