Vanguard Group Inc. Increases Stake in Abercrombie & Fitch Company (ANF)

Vanguard Group Inc. grew its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,643,799 shares of the apparel retailer’s stock after buying an additional 567,021 shares during the period. Vanguard Group Inc. owned 9.77% of Abercrombie & Fitch worth $82,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $208,000. State of Alaska Department of Revenue grew its stake in shares of Abercrombie & Fitch by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after buying an additional 5,957 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $170,000. Credit Agricole S A grew its stake in shares of Abercrombie & Fitch by 95.0% during the 1st quarter. Credit Agricole S A now owns 19,500 shares of the apparel retailer’s stock valued at $233,000 after buying an additional 9,500 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $250,000. 98.43% of the stock is owned by institutional investors.

Shares of Abercrombie & Fitch Company (ANF) opened at 14.25 on Monday. The stock has a 50 day moving average of $13.96 and a 200-day moving average of $12.20. Abercrombie & Fitch Company has a 52 week low of $8.81 and a 52 week high of $17.35. The firm’s market cap is $970.24 million.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.17. The firm had revenue of $779.00 million during the quarter, compared to the consensus estimate of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.25) EPS. Equities research analysts expect that Abercrombie & Fitch Company will post ($0.03) earnings per share for the current year.

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Several equities analysts recently weighed in on ANF shares. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch in a report on Tuesday, September 5th. BMO Capital Markets set a $14.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $16.00 in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada upgraded shares of Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $12.00 to $14.00 in a report on Thursday, August 31st. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.30.

Abercrombie & Fitch 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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Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

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