UBS Group AG Acquires 307,052 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

UBS Group AG grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) by 80,803.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 307,432 shares of the apparel retailer’s stock after buying an additional 307,052 shares during the period. UBS Group AG owned approximately 0.63% of Abercrombie & Fitch worth $7,043,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ANF. Captrust Financial Advisors boosted its stake in Abercrombie & Fitch by 24.9% during the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after acquiring an additional 913 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $95,000. Public Employees Retirement System of Ohio grew its stake in shares of Abercrombie & Fitch by 13.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,851 shares of the apparel retailer’s stock valued at $107,000 after buying an additional 810 shares during the period. Tower Research Capital LLC TRC increased its position in Abercrombie & Fitch by 57.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,073 shares of the apparel retailer’s stock valued at $110,000 after buying an additional 2,594 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Abercrombie & Fitch by 633.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,513 shares of the apparel retailer’s stock valued at $127,000 after buying an additional 6,489 shares in the last quarter.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $28.56 on Friday. The stock has a 50 day moving average of $24.89 and a 200 day moving average of $25.25. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 476.00 and a beta of 1.45. Abercrombie & Fitch Co. has a 12 month low of $14.02 and a 12 month high of $31.69. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last released its earnings results on Wednesday, May 24th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.41. Abercrombie & Fitch had a return on equity of 1.90% and a net margin of 0.08%. The company had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $814.93 million. During the same period in the previous year, the business posted ($0.27) EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

ANF has been the subject of a number of research reports. Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, March 2nd. Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, May 9th. Citigroup lifted their price target on Abercrombie & Fitch from $24.00 to $33.00 in a research note on Thursday. Finally, UBS Group increased their price objective on Abercrombie & Fitch from $28.00 to $32.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Abercrombie & Fitch Company Profile

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.