Wedge Capital Management L L P NC Sells 4,583 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Wedge Capital Management L L P NC trimmed its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 24.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,546 shares of the apparel retailer’s stock after selling 4,583 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Abercrombie & Fitch were worth $227,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Abercrombie & Fitch by 17.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 56,991 shares of the apparel retailer’s stock valued at $888,000 after acquiring an additional 8,417 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Abercrombie & Fitch by 14.4% during the 3rd quarter. California Public Employees Retirement System now owns 124,687 shares of the apparel retailer’s stock valued at $1,945,000 after acquiring an additional 15,684 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Abercrombie & Fitch by 13.7% during the 3rd quarter. Kovack Advisors Inc. now owns 74,448 shares of the apparel retailer’s stock valued at $1,161,000 after acquiring an additional 8,998 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Abercrombie & Fitch by 9.1% during the 3rd quarter. State of Tennessee Treasury Department now owns 48,900 shares of the apparel retailer’s stock valued at $763,000 after acquiring an additional 4,061 shares during the last quarter. Finally, WBI Investments Inc. bought a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at approximately $613,000.

A number of research analysts have recently commented on ANF shares. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lowered their target price on Abercrombie & Fitch from $20.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, August 30th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Tuesday, September 3rd. Telsey Advisory Group lowered their target price on Abercrombie & Fitch from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Finally, B. Riley set a $15.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.64.

NYSE:ANF traded down $0.44 during midday trading on Friday, hitting $17.68. 1,317,596 shares of the company traded hands, compared to its average volume of 2,672,724. The firm’s fifty day moving average is $15.91 and its 200-day moving average is $18.43. Abercrombie & Fitch Co. has a 12-month low of $13.58 and a 12-month high of $30.63. The firm has a market capitalization of $1.13 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.57 and a beta of 0.95. The company has a current ratio of 1.48, a quick ratio of 0.87 and a debt-to-equity ratio of 1.48.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.04. Abercrombie & Fitch had a return on equity of 5.84% and a net margin of 2.00%. The company had revenue of $841.08 million for the quarter, compared to analyst estimates of $847.96 million. During the same quarter in the prior year, the firm posted $0.06 EPS. Abercrombie & Fitch’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts expect that Abercrombie & Fitch Co. will post 0.75 EPS for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

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