Abercrombie & Fitch Company (NYSE:ANF) Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,234 shares of the apparel retailer’s stock after purchasing an additional 5,006 shares during the quarter. Jupiter Asset Management Ltd. owned about 1.30% of Abercrombie & Fitch worth $47,444,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ANF. GeoWealth Management LLC acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $70,000. UMB Bank n.a. grew its holdings in Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after acquiring an additional 360 shares during the period. Versant Capital Management Inc grew its holdings in Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock worth $56,000 after acquiring an additional 260 shares during the period. IFP Advisors Inc grew its holdings in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after acquiring an additional 530 shares during the period. Finally, Reyes Financial Architecture Inc. grew its holdings in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock worth $69,000 after acquiring an additional 366 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Morgan Stanley upped their price target on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $111.88.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $90.93 on Friday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 8.95 and a beta of 1.54. The company’s 50-day moving average is $85.32 and its two-hundred day moving average is $88.19. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $172.90.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $2.14 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch Company Profile

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.