Valeo Financial Advisors LLC Purchases 6,004 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Posted by on Jun 29th, 2023

Valeo Financial Advisors LLC boosted its stake in Abercrombie & Fitch Co. (NYSE:ANF – Free Report) by 38.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,615 shares of the apparel retailer’s stock after purchasing an additional 6,004 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Abercrombie & Fitch were worth $600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in Abercrombie & Fitch by 1,051.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,221 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 1,115 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Abercrombie & Fitch in the first quarter valued at about $95,000. Metropolitan Life Insurance Co. NY increased its holdings in Abercrombie & Fitch by 19.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,078 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 511 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in Abercrombie & Fitch by 19.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 511 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Abercrombie & Fitch by 46.3% in the first quarter. Captrust Financial Advisors now owns 3,667 shares of the apparel retailer’s stock valued at $117,000 after purchasing an additional 1,161 shares during the last quarter. Institutional investors own 99.03% of the company’s stock.

Abercrombie & Fitch Stock Down 2.1 %

NYSE:ANF opened at $36.70 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.44. The company has a market cap of $1.84 billion, a PE ratio of 52.43 and a beta of 1.45. Abercrombie & Fitch Co. has a 52-week low of $14.02 and a 52-week high of $37.96. The stock has a 50-day simple moving average of $28.87 and a 200 day simple moving average of $27.46.

Abercrombie & Fitch (NYSE:ANF – Free Report) last posted its quarterly earnings data on Wednesday, May 24th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.41. The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $814.93 million. Abercrombie & Fitch had a return on equity of 6.82% and a net margin of 0.96%. Abercrombie & Fitch’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned ($0.27) earnings per share. On average, sell-side analysts expect that Abercrombie & Fitch Co. will post 2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ANF. Jefferies Financial Group dropped their price objective on Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, May 9th. Telsey Advisory Group restated an “outperform” rating and issued a $33.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, March 1st. Citigroup increased their price target on Abercrombie & Fitch from $24.00 to $33.00 in a report on Thursday, May 25th. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, June 12th. Finally, Morgan Stanley increased their price target on Abercrombie & Fitch from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.50.

Abercrombie & Fitch Company Profile

(Free Report)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.

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Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

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