Campbell & CO Investment Adviser LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,213 shares of the apparel retailer’s stock, valued at approximately $119,000.
Several other large investors have also added to or reduced their stakes in ANF. State Street Corp lifted its stake in shares of Abercrombie & Fitch by 58.9% in the first quarter. State Street Corp now owns 3,512,554 shares of the apparel retailer’s stock worth $31,929,000 after acquiring an additional 1,301,764 shares in the last quarter. Prentice Capital Management LP lifted its stake in shares of Abercrombie & Fitch by 53.9% in the first quarter. Prentice Capital Management LP now owns 3,670,754 shares of the apparel retailer’s stock worth $33,367,000 after acquiring an additional 1,286,137 shares in the last quarter. Norges Bank acquired a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $17,569,000. Maverick Capital Ltd. acquired a new position in shares of Abercrombie & Fitch in the first quarter worth about $6,702,000. Finally, Two Sigma Advisers LP raised its stake in Abercrombie & Fitch by 1,132.8% during the first quarter. Two Sigma Advisers LP now owns 716,252 shares of the apparel retailer’s stock valued at $6,511,000 after buying an additional 658,152 shares in the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.
Several brokerages have issued reports on ANF. Wedbush restated a “buy” rating and set a $16.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, May 19th. Morgan Stanley cut their price objective on Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Royal Bank of Canada upped their price objective on Abercrombie & Fitch from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. ValuEngine upgraded Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, TheStreet cut Abercrombie & Fitch from a “c” rating to a “d+” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.67.
NYSE:ANF opened at $9.63 on Friday. The stock has a 50 day moving average of $10.42 and a 200-day moving average of $12.18. Abercrombie & Fitch Co. has a 52 week low of $7.41 and a 52 week high of $19.18. The company has a quick ratio of 0.88, a current ratio of 1.32 and a debt-to-equity ratio of 1.78.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, May 28th. The apparel retailer reported ($3.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.39) by ($1.90). The company had revenue of $485.36 million for the quarter, compared to the consensus estimate of $535.33 million. Abercrombie & Fitch had a negative net margin of 5.50% and a negative return on equity of 14.29%. The firm’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same period last year, the company posted ($0.29) earnings per share. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post -2.82 earnings per share for the current fiscal year.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
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