Trade Report: The Abercrombie & Fitch Co. (ANF) Stake Increased by New York State Teachers Retirement System

The Abercrombie & Fitch Co. (ANF) Stake Increased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,360 shares of the apparel retailer’s stock after buying an additional 10,300 shares during the period. New York State Teachers Retirement System’s holdings in Abercrombie & Fitch Co. were worth $2,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in Abercrombie & Fitch Co. by 36.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 326,312 shares of the apparel retailer’s stock valued at $5,811,000 after buying an additional 86,857 shares in the last quarter. Lesa Sroufe & Co bought a new position in Abercrombie & Fitch Co. during the second quarter worth $3,557,000. Mizuho Securities USA Inc. bought a new position in Abercrombie & Fitch Co. during the second quarter worth $356,000. Nordea Investment Management AB increased its position in Abercrombie & Fitch Co. by 14.9% in the second quarter. Nordea Investment Management AB now owns 104,137 shares of the apparel retailer’s stock worth $1,855,000 after buying an additional 13,538 shares during the period. Finally, Fox Run Management L.L.C. increased its position in Abercrombie & Fitch Co. by 79.7% in the second quarter. Fox Run Management L.L.C. now owns 30,900 shares of the apparel retailer’s stock worth $550,000 after buying an additional 13,700 shares during the period.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 1.32% on Friday, reaching $15.73. 1,791,326 shares of the company were exchanged. The firm has a 50 day moving average price of $17.04 and a 200-day moving average price of $21.39. The stock has a market capitalization of $1.06 billion, a PE ratio of 23.13 and a beta of 1.45. Abercrombie & Fitch Co. has a 12-month low of $15.51 and a 12-month high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last announced its earnings results on Tuesday, August 30th. The apparel retailer reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.05. The company had revenue of $783.20 million for the quarter, compared to the consensus estimate of $782.64 million. Abercrombie & Fitch Co. had a net margin of 1.36% and a return on equity of 3.98%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. On average, analysts predict that Abercrombie & Fitch Co. will post $0.50 EPS for the current fiscal year.

A number of research firms have recently weighed in on ANF. Jefferies Group reissued a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Sunday, September 4th. FBR & Co cut their price target on Abercrombie & Fitch Co. from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 31st. Vetr downgraded Abercrombie & Fitch Co. from a “hold” rating to a “sell” rating and set a $19.03 price target on the stock. in a research note on Monday, July 18th. BMO Capital Markets reissued a “market perform” rating and issued a $19.00 price target (down previously from $20.00) on shares of Abercrombie & Fitch Co. in a research note on Thursday, September 1st. Finally, Stifel Nicolaus downgraded Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and increased their price target for the company from $18.05 to $24.00 in a research note on Wednesday, August 31st. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.49.

In related news, insider Bonadies Fran Horowitz bought 15,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of $17.32 per share, with a total value of $259,800.00. Following the purchase, the insider now owns 44,701 shares of the company’s stock, valued at approximately $774,221.32. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Craig R. Stapleton bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average cost of $17.65 per share, for a total transaction of $176,500.00. Following the purchase, the director now directly owns 57,398 shares in the company, valued at approximately $1,013,074.70. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Abercrombie & Fitch Co. Company Profile

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

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