Allspring Global Investments Holdings LLC Buys 62,639 Shares of Abercrombie & Fitch Company (NYSE:ANF)

Allspring Global Investments Holdings LLC lifted its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 233.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,494 shares of the apparel retailer’s stock after purchasing an additional 62,639 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.18% of Abercrombie & Fitch worth $7,049,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Virtue Capital Management LLC raised its stake in Abercrombie & Fitch by 1.3% during the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer’s stock worth $1,229,000 after buying an additional 102 shares during the period. Evergreen Capital Management LLC raised its position in shares of Abercrombie & Fitch by 2.0% during the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer’s stock worth $816,000 after purchasing an additional 108 shares during the period. Arizona State Retirement System lifted its holdings in shares of Abercrombie & Fitch by 0.8% in the 4th quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer’s stock worth $2,217,000 after purchasing an additional 115 shares in the last quarter. Atria Investments Inc grew its position in Abercrombie & Fitch by 7.4% in the 4th quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer’s stock valued at $251,000 after purchasing an additional 115 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in Abercrombie & Fitch by 5.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,525 shares of the apparel retailer’s stock valued at $377,000 after purchasing an additional 133 shares during the period.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $91.73 on Friday. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $183.70. The company has a market capitalization of $4.37 billion, a PE ratio of 9.03 and a beta of 1.46. The business has a fifty day moving average price of $77.87 and a two-hundred day moving average price of $96.26.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.24. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 earnings per share. Sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on ANF shares. Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Raymond James Financial cut their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 27th. Finally, Citigroup reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.63.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.