The Abercrombie & Fitch Co. (ANF) Stake Raised by Strs Ohio

The Abercrombie & Fitch Co. (ANF) Stake Raised by Strs Ohio

Strs Ohio boosted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 31.0% during the second quarter, Holdings Channel reports. The institutional investor owned 51,500 shares of the apparel retailer’s stock after buying an additional 12,200 shares during the period. Strs Ohio’s holdings in Abercrombie & Fitch Co. were worth $917,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc bought a new position in shares of Abercrombie & Fitch Co. during the first quarter worth approximately $408,000. Aperio Group LLC boosted its position in shares of Abercrombie & Fitch Co. by 16.7% in the first quarter. Aperio Group LLC now owns 24,106 shares of the apparel retailer’s stock worth $760,000 after buying an additional 3,443 shares during the period. Virginia Retirement System bought a new position in shares of Abercrombie & Fitch Co. during the first quarter worth approximately $457,000. TIAA CREF Investment Management LLC boosted its position in shares of Abercrombie & Fitch Co. by 152.1% in the first quarter. TIAA CREF Investment Management LLC now owns 638,459 shares of the apparel retailer’s stock worth $20,137,000 after buying an additional 385,204 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Abercrombie & Fitch Co. by 26.0% in the first quarter. Teachers Advisors Inc. now owns 534,375 shares of the apparel retailer’s stock worth $16,854,000 after buying an additional 110,190 shares during the period.

Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.83% during trading on Monday, reaching $15.60. The company had a trading volume of 3,447,053 shares. The firm has a 50-day moving average of $16.84 and a 200-day moving average of $21.13. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 22.94 and a beta of 1.45. Abercrombie & Fitch Co. has a 1-year low of $15.50 and a 1-year high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings data on Tuesday, August 30th. The apparel retailer reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.05. The company earned $783.20 million during 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 was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, analysts anticipate that Abercrombie & Fitch Co. will post $0.50 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Sunday, September 4th. Vetr cut Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and set a $19.03 target price for the company. in a report on Monday, July 11th. Argus reiterated a “hold” rating on shares of Abercrombie & Fitch Co. in a report on Monday, June 27th. BMO Capital Markets reiterated a “market perform” rating on shares of Abercrombie & Fitch Co. in a report on Thursday, July 7th. Finally, FBR & Co dropped their target price on Abercrombie & Fitch Co. from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Abercrombie & Fitch Co. currently has an average rating of “Hold” and an average price target of $22.31.

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

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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