Oregon Public Employees Retirement Fund lifted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,401 shares of the apparel retailer’s stock after purchasing an additional 900 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Abercrombie & Fitch were worth $423,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Optimum Investment Advisors purchased a new position in Abercrombie & Fitch in the 1st quarter valued at $27,000. Investors Research Corp purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter worth about $130,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter worth about $171,000. CIBC World Markets Inc. purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter worth about $216,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter worth about $241,000.
A number of analysts have recently issued reports on the company. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, May 21st. B. Riley set a $26.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Wednesday, June 5th. Bank of America decreased their target price on Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating for the company in a report on Thursday, May 30th. Finally, TheStreet lowered Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.33.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.14. The firm had revenue of $733.97 million for the quarter, compared to analyst estimates of $730.79 million. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. Abercrombie & Fitch’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.56) EPS. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 0.89 earnings per share 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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