Meeder Asset Management Inc. boosted its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 1,704.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,564 shares of the apparel retailer’s stock after buying an additional 9,034 shares during the period. Meeder Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Abercrombie & Fitch by 17.6% during the 3rd quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer’s stock valued at $83,000 after acquiring an additional 145 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 148 shares during the period. Public Employees Retirement System of Ohio grew its position in Abercrombie & Fitch by 19.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 928 shares of the apparel retailer’s stock valued at $117,000 after purchasing an additional 151 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Abercrombie & Fitch by 3.9% in the 4th quarter. Kestra Advisory Services LLC now owns 4,055 shares of the apparel retailer’s stock valued at $510,000 after buying an additional 151 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in Abercrombie & Fitch by 94.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock worth $44,000 after buying an additional 170 shares in the last quarter.
Abercrombie & Fitch Stock Down 0.7%
ANF stock opened at $94.54 on Tuesday. The firm has a 50 day moving average of $84.37 and a two-hundred day moving average of $91.76. 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 $4.20 billion, a price-to-earnings ratio of 9.07 and a beta of 0.89.
Analyst Upgrades and Downgrades
ANF has been the topic of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $87.00 price target on shares of Abercrombie & Fitch in a report on Monday, July 6th. Raymond James Financial set a $92.00 price objective on Abercrombie & Fitch in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. UBS Group lowered their target price on Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating on the stock in a research note 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 investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.91.
Read Our Latest Analysis on Abercrombie & Fitch
Abercrombie & Fitch 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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