Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 261,946 shares of the apparel retailer’s stock after acquiring an additional 23,620 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in Abercrombie & Fitch were worth $4,086,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Abercrombie & Fitch by 12.8% during the second quarter. Wells Fargo & Company MN now owns 156,785 shares of the apparel retailer’s stock worth $2,514,000 after acquiring an additional 17,832 shares during the last quarter. Kempen Capital Management N.V. boosted its position in shares of Abercrombie & Fitch by 171.3% during the second quarter. Kempen Capital Management N.V. now owns 992,313 shares of the apparel retailer’s stock worth $15,917,000 after buying an additional 626,594 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Abercrombie & Fitch during the second quarter worth $508,000. Aristotle Fund L.P. purchased a new position in shares of Abercrombie & Fitch during the second quarter worth $722,000. Finally, Coatue Management LLC boosted its position in shares of Abercrombie & Fitch by 184.4% during the second quarter. Coatue Management LLC now owns 120,930 shares of the apparel retailer’s stock worth $1,940,000 after buying an additional 78,410 shares during the period.
ANF has been the subject of several research analyst reports. Wolfe Research upgraded Abercrombie & Fitch from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, September 4th. They noted that the move was a valuation call. Telsey Advisory Group lowered their price target 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. DA Davidson initiated coverage on Abercrombie & Fitch in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.00 price target for the company. Wedbush set a $16.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.64.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.04. The firm had revenue of $841.08 million during the quarter, compared to analyst estimates of $847.96 million. Abercrombie & Fitch had a return on equity of 5.84% and a net margin of 2.00%. Abercrombie & Fitch’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. As a group, sell-side analysts expect that Abercrombie & Fitch Co. will post 0.75 EPS for the current year.
Abercrombie & Fitch 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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