Today, UBS Asset Management Americas Inc. reached $1,067,000 position of Abercrombie & Fitch Co. (ANF)

Today, UBS Asset Management Americas Inc. reached $1,067,000 position  of Abercrombie & Fitch Co. (ANF)

UBS Asset Management Americas Inc. lowered its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 13.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 59,934 shares of the apparel retailer’s stock after selling 9,019 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of Abercrombie & Fitch Co. worth $1,067,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Abercrombie & Fitch Co. by 2.1% in the first quarter. Geode Capital Management LLC now owns 426,894 shares of the apparel retailer’s stock valued at $13,463,000 after buying an additional 8,957 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Abercrombie & Fitch Co. by 151.9% in the first quarter. Meeder Asset Management Inc. now owns 55,899 shares of the apparel retailer’s stock valued at $1,763,000 after buying an additional 33,707 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Abercrombie & Fitch Co. during the first quarter valued at approximately $4,510,000. ING Groep NV raised its position in shares of Abercrombie & Fitch Co. by 72.8% in the first quarter. ING Groep NV now owns 42,000 shares of the apparel retailer’s stock valued at $1,324,000 after buying an additional 17,700 shares during the last quarter. Finally, Investec Asset Management LTD raised its position in shares of Abercrombie & Fitch Co. by 44.6% in the first quarter. Investec Asset Management LTD now owns 480,971 shares of the apparel retailer’s stock valued at $15,170,000 after buying an additional 148,378 shares during the last quarter.

Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.60 on Tuesday. The stock has a market capitalization of $1.06 billion, a PE ratio of 22.94 and a beta of 1.45. The firm has a 50-day moving average price of $16.84 and a 200 day moving average price of $21.13. Abercrombie & Fitch Co. has a 12 month low of $15.50 and a 12 month high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last released its quarterly earnings results on Tuesday, August 30th. The apparel retailer reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ 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 return on equity of 3.98% and a net margin of 1.36%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. Equities analysts anticipate that Abercrombie & Fitch Co. will post $0.50 earnings per share for the current year.

Several research analysts have recently commented on the company. Standpoint Research raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Credit Suisse Group AG reissued a “sell” rating and set a $18.00 price objective on shares of Abercrombie & Fitch Co. in a report on Friday, August 26th. Mizuho cut their price objective on Abercrombie & Fitch Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Jefferies Group reissued a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Tuesday, August 23rd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $20.00 price objective (down previously from $23.00) on shares of Abercrombie & Fitch Co. in a report on Monday, August 15th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Abercrombie & Fitch Co. currently has a consensus rating of “Hold” and a consensus target price of $22.31.

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

Related posts

Leave a Comment