Hsbc Holdings PLC Boosts Stock Position in Abercrombie & Fitch Company $ANF

Hsbc Holdings PLC boosted its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 62.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,885 shares of the apparel retailer’s stock after purchasing an additional 14,894 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Abercrombie & Fitch worth $2,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ANF. Assenagon Asset Management S.A. purchased a new stake in Abercrombie & Fitch during the 1st quarter worth approximately $56,569,000. Pacer Advisors Inc. increased its holdings in Abercrombie & Fitch by 3,113.1% during the 1st quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer’s stock worth $38,650,000 after purchasing an additional 490,337 shares during the last quarter. Nuveen LLC purchased a new stake in Abercrombie & Fitch during the 1st quarter worth approximately $32,924,000. The Manufacturers Life Insurance Company increased its holdings in Abercrombie & Fitch by 306.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,882 shares of the apparel retailer’s stock worth $35,556,000 after purchasing an additional 179,419 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Abercrombie & Fitch by 24.7% during the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer’s stock worth $111,463,000 after purchasing an additional 147,779 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ANF shares. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Citigroup restated a “neutral” rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Raymond James Financial decreased their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $112.75.

Abercrombie & Fitch Trading Down 3.5%

Shares of ANF opened at $96.31 on Wednesday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 9.48 and a beta of 1.54. The stock has a 50 day moving average of $91.98 and a 200-day moving average of $85.14. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $168.50.

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

Abercrombie & Fitch Company 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.