Old Mutual Global Investors UK Ltd. boosted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 1,132.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,060 shares of the apparel retailer’s stock after buying an additional 104,808 shares during the quarter. Old Mutual Global Investors UK Ltd. owned approximately 0.17% of Abercrombie & Fitch worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $114,000. Glassman Wealth Services purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $122,000. Lorber David A purchased a new stake in shares of Abercrombie & Fitch during the third quarter valued at approximately $126,000. Suntrust Banks Inc. boosted its stake in shares of Abercrombie & Fitch by 3.9% during the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after purchasing an additional 492 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $183,000. 97.68% of the stock is owned by hedge funds and other institutional investors.
Abercrombie & Fitch Co. (NYSE: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 -78.28, a price-to-earnings-growth ratio of 3.02 and a beta of 1.10. Abercrombie & Fitch Co. has a twelve month low of $8.81 and a twelve month high of $23.53.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. equities analysts forecast that Abercrombie & Fitch Co. will post 0.4 EPS for the current year.
ANF has been the subject of a number of analyst reports. Zacks Investment Research lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Standpoint Research lowered Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research note on Friday, November 17th. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. lowered Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $12.00 to $10.00 in a research note on Wednesday, November 1st. Finally, Robert W. Baird set a $16.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Saturday, November 18th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.94.
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About Abercrombie & Fitch
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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