Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) in the 1st quarter, HoldingsChannel reports. The firm purchased 202,000 shares of the apparel retailer's stock, valued at approximately $6,462,000. Abercrombie & Fitch accounts for about 4.1% of Morgens Waterfall Vintiadis & Co. Inc.'s portfolio, making the stock its 12th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in the company. DB Wealth Management Group LLC acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $33,000. Nisa Investment Advisors LLC acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at $91,000. Gladius Capital Management LP grew its position in Abercrombie & Fitch by 34.2% in the 1st quarter. Gladius Capital Management LP now owns 4,072 shares of the apparel retailer's stock valued at $131,000 after purchasing an additional 1,037 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Abercrombie & Fitch in the 4th quarter valued at $160,000. Finally, Profund Advisors LLC grew its position in Abercrombie & Fitch by 5.2% in the 1st quarter. Profund Advisors LLC now owns 6,348 shares of the apparel retailer's stock valued at $203,000 after purchasing an additional 313 shares during the period. Institutional investors own 95.22% of the company's stock.
Get Abercrombie & Fitch alerts:Abercrombie & Fitch Stock Performance
Shares of NYSE:ANF traded up $0.08 during midday trading on Friday, reaching $16.20. The company had a trading volume of 1,580,522 shares, compared to its average volume of 2,701,355. The company's 50 day moving average price is $17.68 and its 200 day moving average price is $24.89. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The stock has a market cap of $801.09 million, a P/E ratio of 13.06 and a beta of 1.50. Abercrombie & Fitch Co. has a 52-week low of $14.02 and a 52-week high of $48.97.
Abercrombie & Fitch (NYSE:ANF – Get Rating) last released its earnings results on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.52). Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The company had revenue of $805.90 million for the quarter, compared to the consensus estimate of $843.56 million. During the same period in the prior year, the company earned $1.70 earnings per share. The firm's revenue was down 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 0.42 EPS for the current fiscal year.Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. B. Riley reduced their price target on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, August 16th. StockNews.com downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, June 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $35.00 to $39.00 in a report on Monday, May 16th. TheStreet downgraded shares of Abercrombie & Fitch from a "b" rating to a "c" rating in a report on Tuesday, May 24th. Finally, Morgan Stanley cut their price objective on shares of Abercrombie & Fitch from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Tuesday, August 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $24.83.
About Abercrombie & Fitch
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Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.
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