Lisanti Capital Growth LLC purchased a new position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 27,450 shares of the apparel retailer’s stock, valued at approximately $3,455,000.
Several other institutional investors have also modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Abercrombie & Fitch by 17.6% in the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer’s stock worth $83,000 after acquiring an additional 145 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Abercrombie & Fitch by 2.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock worth $590,000 after acquiring an additional 194 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Abercrombie & Fitch by 62.8% in the third quarter. NewEdge Advisors LLC now owns 573 shares of the apparel retailer’s stock worth $49,000 after acquiring an additional 221 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Abercrombie & Fitch by 52.2% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the apparel retailer’s stock worth $86,000 after acquiring an additional 235 shares in the last quarter.
Abercrombie & Fitch Trading Up 0.9%
Abercrombie & Fitch stock opened at $77.20 on Friday. The stock has a market cap of $3.45 billion, a P/E ratio of 7.32 and a beta of 0.97. The company has a fifty day simple moving average of $86.28 and a 200-day simple moving average of $94.15. Abercrombie & Fitch Company has a 12-month low of $65.45 and a 12-month high of $133.11.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $110.00 to $107.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Needham & Company LLC assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday, March 26th. They issued a “buy” rating and a $108.00 price target for the company. BTIG Research restated a “buy” rating and issued a $120.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, March 5th. Jefferies Financial Group decreased their price objective on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Barclays decreased their price objective on shares of Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $116.00.
View Our Latest Stock 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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