Optimum Investment Advisors Invests $27,000 in Abercrombie & Fitch Co. (ANF) Stock

Optimum Investment Advisors bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the 1st quarter, HoldingsChannel reports. The fund bought 1,000 shares of the apparel retailer’s stock, valued at approximately $27,000.

A number of other large investors have also recently modified their holdings of the business. Rhumbline Advisers increased its stake in Abercrombie & Fitch by 0.3% in the first quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock valued at $5,441,000 after purchasing an additional 544 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Abercrombie & Fitch by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,197 shares of the apparel retailer’s stock valued at $204,000 after buying an additional 763 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of Abercrombie & Fitch by 0.9% in the fourth quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock valued at $2,025,000 after buying an additional 900 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Abercrombie & Fitch by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 101,000 shares of the apparel retailer’s stock valued at $2,025,000 after buying an additional 900 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Abercrombie & Fitch by 1.4% in the first quarter. Comerica Bank now owns 66,970 shares of the apparel retailer’s stock valued at $1,707,000 after buying an additional 924 shares during the period.

In related news, Director Nigel Travis acquired 2,917 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $25.70 per share, with a total value of $74,966.90. Following the completion of the transaction, the director now directly owns 2,917 shares of the company’s stock, valued at $74,966.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.95% of the stock is owned by corporate insiders.



ANF has been the subject of several recent research reports. ValuEngine cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday. Wedbush cut shares of Abercrombie & Fitch from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a research note on Thursday, May 9th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Royal Bank of Canada increased their price target on shares of Abercrombie & Fitch to $27.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, Argus increased their price target on shares of Abercrombie & Fitch to $28.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.36.

Shares of ANF opened at $26.09 on Tuesday. The stock has a market capitalization of $1.90 billion, a PE ratio of 22.69, a P/E/G ratio of 1.34 and a beta of 0.63. Abercrombie & Fitch Co. has a fifty-two week low of $15.28 and a fifty-two week high of $30.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.61 and a current ratio of 2.39.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.20. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 1.39 EPS for the current fiscal year.

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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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Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Co. (NYSE:ANF).

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

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