Voya Investment Management LLC Sells 12,688 Shares of Abercrombie & Fitch Company $ANF

by · The Cerbat Gem

Voya Investment Management LLC lessened its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 36.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,129 shares of the apparel retailer’s stock after selling 12,688 shares during the quarter. Voya Investment Management LLC’s holdings in Abercrombie & Fitch were worth $1,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth $38,000. EverSource Wealth Advisors LLC grew its position in Abercrombie & Fitch by 392.4% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock worth $59,000 after acquiring an additional 569 shares in the last quarter. Bayforest Capital Ltd increased its stake in Abercrombie & Fitch by 102.9% in the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock valued at $65,000 after acquiring an additional 430 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock valued at $68,000 after acquiring an additional 527 shares during the last quarter.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $126.79 on Monday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80. The firm has a market cap of $5.81 billion, a PE ratio of 12.16 and a beta of 1.17. The business has a 50 day moving average price of $88.89 and a 200-day moving average price of $88.78.

Abercrombie & Fitch (NYSE:ANF – Get Free Report) last issued 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. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 earnings per share. Research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analysts Set New Price Targets

ANF has been the subject of a number of research reports. Barclays upped their price objective on Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, November 28th. Zacks Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. UBS Group upped their target price on Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average target price of $110.10.

Read Our Latest Stock Report on ANF

Abercrombie & Fitch Company Profile

(Free Report)

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.

Read More