Invesco Ltd. Sells 44,102 Shares of Abercrombie & Fitch Company $ANF

Invesco Ltd. trimmed its stake in Abercrombie & Fitch Company (NYSE:ANF) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 810,785 shares of the apparel retailer’s stock after selling 44,102 shares during the period. Invesco Ltd.’s holdings in Abercrombie & Fitch were worth $67,174,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ANF. Franklin Resources Inc. increased its holdings in shares of Abercrombie & Fitch by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer’s stock worth $3,958,000 after buying an additional 167 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Abercrombie & Fitch by 1.8% in the second quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock valued at $793,000 after acquiring an additional 173 shares during the last quarter. Voya Investment Management LLC raised its position in Abercrombie & Fitch by 0.6% during the first quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer’s stock valued at $2,375,000 after purchasing an additional 180 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Abercrombie & Fitch by 1.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,240 shares of the apparel retailer’s stock worth $1,014,000 after purchasing an additional 199 shares during the last quarter. Finally, Dupree Financial Group LLC boosted its holdings in shares of Abercrombie & Fitch by 1.1% in the 2nd quarter. Dupree Financial Group LLC now owns 20,296 shares of the apparel retailer’s stock worth $1,682,000 after purchasing an additional 229 shares in the last quarter.

Abercrombie & Fitch Stock Up 7.0%

Shares of Abercrombie & Fitch stock opened at $106.92 on Thursday. The firm has a market cap of $4.90 billion, a PE ratio of 10.25 and a beta of 1.17. The company’s fifty day simple moving average is $78.12 and its two-hundred day simple moving average is $85.32. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping 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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $2.50 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ANF. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. BTIG Research decreased their price target on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group upped their price target on shares of Abercrombie & Fitch from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.00.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.