Abercrombie & Fitch Company (ANF) Shares Bought by State Street Corp

State Street Corp raised its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,353,884 shares of the apparel retailer’s stock after buying an additional 56,484 shares during the quarter. State Street Corp owned about 4.93% of Abercrombie & Fitch worth $41,718,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after purchasing an additional 8,354,665 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after purchasing an additional 567,021 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Abercrombie & Fitch by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after purchasing an additional 42,983 shares in the last quarter. Paradice Investment Management LLC raised its stake in shares of Abercrombie & Fitch by 16.6% in the second quarter. Paradice Investment Management LLC now owns 2,130,392 shares of the apparel retailer’s stock valued at $26,502,000 after purchasing an additional 304,012 shares in the last quarter. Finally, Quinn Opportunity Partners LLC raised its stake in shares of Abercrombie & Fitch by 71.9% in the second quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock valued at $20,215,000 after purchasing an additional 679,745 shares in the last quarter. Institutional investors own 97.62% of the company’s stock.

A number of research analysts recently commented on ANF shares. Deutsche Bank AG cut their target price on Abercrombie & Fitch to $9.00 and set a “sell” rating for the company in a research note on Monday, July 10th. Vetr upgraded Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $12.64 target price for the company in a research note on Monday, July 10th. Jefferies Group LLC set a $13.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, July 10th. William Blair reiterated an “outperform” rating on shares of Abercrombie & Fitch in a research report on Monday, July 17th. Finally, Zacks Investment Research cut Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Abercrombie & Fitch has a consensus rating of “Hold” and an average price target of $12.24.

Abercrombie & Fitch Company (ANF) opened at $11.82 on Monday. Abercrombie & Fitch Company has a 1-year low of $8.81 and a 1-year high of $17.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.16 and a quick ratio of 1.21.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The firm had revenue of $779.00 million for the quarter, compared to analyst estimates of $758.57 million. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. analysts anticipate that Abercrombie & Fitch Company will post -0.01 EPS for the current year.

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

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