Abercrombie & Fitch Co. (NYSE:ANF) Stock Holdings Increased by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP grew its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 50.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 238,326 shares of the apparel retailer’s stock after purchasing an additional 80,060 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned 0.36% of Abercrombie & Fitch worth $3,823,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $25,718,000. JPMorgan Chase & Co. lifted its position in shares of Abercrombie & Fitch by 25.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,891,121 shares of the apparel retailer’s stock worth $79,246,000 after purchasing an additional 594,811 shares during the last quarter. Investec Asset Management LTD lifted its position in shares of Abercrombie & Fitch by 377.6% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the apparel retailer’s stock worth $4,612,000 after purchasing an additional 512,724 shares during the last quarter. Millennium Management LLC lifted its position in shares of Abercrombie & Fitch by 568.0% during the 4th quarter. Millennium Management LLC now owns 226,834 shares of the apparel retailer’s stock worth $4,548,000 after purchasing an additional 192,875 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in Abercrombie & Fitch during the first quarter valued at about $4,315,000.

ANF stock traded down $0.95 during midday trading on Friday, hitting $16.57. The stock had a trading volume of 2,032,717 shares, compared to its average volume of 2,358,060. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.29 and a beta of 0.89. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 1.32. Abercrombie & Fitch Co. has a 1-year low of $14.66 and a 1-year high of $30.63. The company’s fifty day moving average price is $17.34.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, beating 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 net margin of 2.76% and a return on equity of 8.73%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.56) earnings per share. Analysts predict that Abercrombie & Fitch Co. will post 0.89 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on ANF shares. TheStreet lowered Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research note on Monday, June 17th. Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, May 31st. B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Wednesday, June 5th. Bank of America reduced their price objective on Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating on the stock in a report on Thursday, May 30th. Finally, Wedbush raised Abercrombie & Fitch from an “underperform” rating to a “neutral” rating and increased their price target for the company from $16.00 to $18.00 in a research note on Thursday, July 11th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.33.

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

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