Schwab Charles Investment Management Inc. raised its stake in Abercrombie & Fitch Company (NYSE:ANF) by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 435,614 shares of the apparel retailer’s stock after buying an additional 51,827 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.64% of Abercrombie & Fitch worth $5,197,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares during the period. Norges Bank acquired a new position in Abercrombie & Fitch during the fourth quarter valued at $12,227,000. BNP Paribas Arbitrage SA increased its position in Abercrombie & Fitch by 151.7% in the first quarter. BNP Paribas Arbitrage SA now owns 711,834 shares of the apparel retailer’s stock valued at $8,492,000 after buying an additional 428,968 shares during the period. Partners Value Investments LP acquired a new position in Abercrombie & Fitch during the first quarter valued at $3,721,000. Finally, Eqis Capital Management Inc. acquired a new position in Abercrombie & Fitch during the first quarter valued at $3,519,000.
Shares of Abercrombie & Fitch Company (ANF) opened at 9.66 on Friday. Abercrombie & Fitch Company has a 12 month low of $8.81 and a 12 month high of $23.29. The stock has a 50 day moving average price of $10.04 and a 200 day moving average price of $11.62. The firm’s market cap is $657.03 million.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, May 25th. The apparel retailer reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.70) by $0.21. Abercrombie & Fitch had a negative net margin of 0.55% and a negative return on equity of 1.26%. The firm had revenue of $661.10 million during the quarter, compared to the consensus estimate of $651.25 million. During the same quarter in the prior year, the company earned ($0.53) EPS. Abercrombie & Fitch’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Abercrombie & Fitch Company will post ($0.30) EPS for the current year.
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ANF has been the topic of several recent analyst reports. BMO Capital Markets set a $14.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Thursday, July 6th. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch in a research note on Monday, July 17th. Vetr lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating and set a $12.38 price target for the company. in a research note on Monday, April 24th. Wunderlich lowered Abercrombie & Fitch from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a research note on Thursday, May 11th. Finally, Standpoint Research lowered Abercrombie & Fitch from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 10th. Eleven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.76.
Abercrombie & Fitch Company Profile
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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