Engineers Gate Manager LP bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 48,130 shares of the apparel retailer’s stock, valued at approximately $839,000. Engineers Gate Manager LP owned 0.07% of Abercrombie & Fitch at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. acquired a new stake in Abercrombie & Fitch during the 2nd quarter valued at $114,000. Lorber David A acquired a new stake in Abercrombie & Fitch during the 3rd quarter valued at $126,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Abercrombie & Fitch during the 3rd quarter valued at $133,000. Suntrust Banks Inc. grew its holdings in Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after buying an additional 492 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in Abercrombie & Fitch during the 2nd quarter valued at $183,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
Abercrombie & Fitch Co. (NYSE ANF) opened at $21.92 on Monday. Abercrombie & Fitch Co. has a 52-week low of $8.81 and a 52-week high of $23.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08. The firm has a market cap of $1,492.79, a P/E ratio of 168.62, a price-to-earnings-growth ratio of 2.99 and a beta of 1.10.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The business had revenue of $859.10 million for the quarter, compared to analysts’ expectations of $818.41 million. During the same period in the previous year, the company posted $0.02 EPS. Abercrombie & Fitch’s revenue was up 4.6% on a year-over-year basis. equities analysts anticipate that Abercrombie & Fitch Co. will post 0.4 earnings per share for the current year.
ANF has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Standpoint Research lowered Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research report on Friday, November 17th. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. lowered Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Wednesday, November 1st. Finally, Robert W. Baird set a $16.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research report on Saturday, November 18th. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Abercrombie & Fitch has a consensus rating of “Hold” and a consensus price target of $14.94.
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About Abercrombie & Fitch
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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