Royal Bank of Canada grew its holdings in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 26.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,857 shares of the apparel retailer’s stock after buying an additional 10,854 shares during the period. Royal Bank of Canada owned approximately 0.12% of Abercrombie & Fitch worth $4,737,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Abercrombie & Fitch by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock valued at $601,841,000 after buying an additional 94,697 shares in the last quarter. AQR Capital Management LLC grew its position in Abercrombie & Fitch by 56.0% in the fourth quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock worth $315,209,000 after acquiring an additional 898,884 shares in the last quarter. Bbfit Investments PTE Ltd. bought a new stake in Abercrombie & Fitch during the fourth quarter worth approximately $205,539,000. Dimensional Fund Advisors LP raised its position in Abercrombie & Fitch by 15.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer’s stock valued at $145,823,000 after purchasing an additional 208,709 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Abercrombie & Fitch by 41.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer’s stock valued at $119,722,000 after purchasing an additional 384,845 shares during the period.
Abercrombie & Fitch Stock Down 2.9%
ANF opened at $109.00 on Friday. The business has a fifty day moving average of $94.91 and a 200 day moving average of $90.78. The stock has a market cap of $4.84 billion, a P/E ratio of 10.46 and a beta of 0.90. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $133.11.
Insiders Place Their Bets
In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $115.00, for a total value of $1,150,000.00. Following the completion of the sale, the chief operating officer directly owned 152,534 shares of the company’s stock, valued at $17,541,410. The trade was a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 30,000 shares of company stock worth $3,300,000. Company insiders own 2.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on ANF shares. Barclays upgraded Abercrombie & Fitch from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $78.00 to $114.00 in a report on Tuesday. BTIG Research restated a “buy” rating and set a $120.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and issued a $108.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Jefferies Financial Group boosted their price objective on shares of Abercrombie & Fitch from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial set a $92.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.55.
Check Out Our Latest Analysis 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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