Lightrock Netherlands B.V. Has $14.77 Million Holdings in Abercrombie & Fitch Company $ANF

Lightrock Netherlands B.V. lifted its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 34.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,689 shares of the apparel retailer’s stock after purchasing an additional 44,075 shares during the quarter. Abercrombie & Fitch accounts for approximately 3.3% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 11th biggest holding. Lightrock Netherlands B.V. owned 0.37% of Abercrombie & Fitch worth $14,774,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Abercrombie & Fitch by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock valued at $2,254,000 after buying an additional 892 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Abercrombie & Fitch by 521.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 839 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Abercrombie & Fitch in the first quarter valued at about $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Abercrombie & Fitch by 8.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock valued at $9,729,000 after acquiring an additional 10,459 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Abercrombie & Fitch during the second quarter worth about $348,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Abercrombie & Fitch in a research note on Thursday, December 11th. They issued a “buy” rating and a $120.00 price target for the company. UBS Group raised their target price on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Barclays increased their price target on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a $145.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $96.15 on Friday. The company has a market cap of $4.41 billion, a P/E ratio of 9.22 and a beta of 1.17. The firm’s fifty day moving average price is $106.25 and its two-hundred day moving average price is $93.28. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. Abercrombie & Fitch’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.