James Investment Research Inc. bought a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,220 shares of the apparel retailer’s stock, valued at approximately $751,000.
Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 227 shares during the period. Transamerica Financial Advisors LLC raised its position in Abercrombie & Fitch by 322.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 190 shares during the period. Larson Financial Group LLC raised its position in Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 148 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $44,000.
Abercrombie & Fitch Stock Up 0.1%
NYSE ANF opened at $92.41 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 8.87 and a beta of 0.89. The company’s 50 day moving average is $82.12 and its 200-day moving average is $94.35. Abercrombie & Fitch Company has a 12-month low of $65.45 and a 12-month high of $133.11.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Raymond James Financial set a $92.00 price objective on Abercrombie & Fitch in a research note on Thursday, May 21st. BTIG Research reissued a “buy” rating and set a $120.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Telsey Advisory Group decreased their target price on Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Tuesday, June 2nd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average target price of $112.64.
Read Our Latest Research Report on ANF
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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