Texas Permanent School Fund lowered its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,977 shares of the apparel retailer’s stock after selling 3,678 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Abercrombie & Fitch worth $801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ANF. Teachers Advisors LLC grew its position in shares of Abercrombie & Fitch by 3.6% during the second quarter. Teachers Advisors LLC now owns 123,667 shares of the apparel retailer’s stock worth $1,538,000 after buying an additional 4,256 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Abercrombie & Fitch by 2.0% in the second quarter. TIAA CREF Investment Management LLC now owns 214,721 shares of the apparel retailer’s stock worth $2,671,000 after purchasing an additional 4,241 shares during the period. Nationwide Fund Advisors boosted its holdings in Abercrombie & Fitch by 59.8% in the second quarter. Nationwide Fund Advisors now owns 71,348 shares of the apparel retailer’s stock worth $888,000 after purchasing an additional 26,702 shares during the period. Vanguard Group Inc. boosted its holdings in Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock worth $82,650,000 after purchasing an additional 567,021 shares during the period. Finally, Suntrust Banks Inc. boosted its holdings in Abercrombie & Fitch by 3.9% in the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after purchasing an additional 492 shares during the period. 97.68% of the stock is owned by institutional investors and hedge funds.
Shares of Abercrombie & Fitch Co. (ANF) opened at $21.92 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1,504.37, a price-to-earnings ratio of 169.92, a price-to-earnings-growth ratio of 3.02 and a beta of 1.10. Abercrombie & Fitch Co. has a one year low of $8.81 and a one year high of $23.53.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The business had revenue of $859.10 million for the quarter, compared to analysts’ expectations of $818.41 million. During the same period in the previous year, the business earned $0.02 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. equities research analysts anticipate that Abercrombie & Fitch Co. will post 0.4 EPS for the current fiscal year.
A number of research firms have commented on ANF. B. Riley reaffirmed a “neutral” rating on shares of Abercrombie & Fitch in a report on Wednesday, November 1st. Wolfe Research lifted their price objective on shares of Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, November 20th. BMO Capital Markets set a $22.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Robert W. Baird reaffirmed a “hold” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada set a $24.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Abercrombie & Fitch has an average rating of “Hold” and an average target price of $14.94.
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Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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