Fmr LLC Purchases 370 Shares of Abercrombie & Fitch Company (ANF)

Fmr LLC increased its position in Abercrombie & Fitch Company (NYSE:ANF) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,950,370 shares of the apparel retailer’s stock after buying an additional 370 shares during the quarter. Fmr LLC owned 8.75% of Abercrombie & Fitch worth $74,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares during the period. Vanguard Group Inc. increased its stake in shares of Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after buying an additional 567,021 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Abercrombie & Fitch by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,686,072 shares of the apparel retailer’s stock valued at $67,836,000 after buying an additional 42,429 shares during the period. State Street Corp increased its stake in shares of Abercrombie & Fitch by 11.0% in the first quarter. State Street Corp now owns 3,297,400 shares of the apparel retailer’s stock valued at $39,340,000 after buying an additional 326,288 shares during the period. Finally, Paradice Investment Management LLC increased its stake in shares of Abercrombie & Fitch by 16.6% in the second quarter. Paradice Investment Management LLC now owns 2,130,392 shares of the apparel retailer’s stock valued at $26,502,000 after buying an additional 304,012 shares during the period. 98.24% of the stock is owned by institutional investors.

A number of analysts have weighed in on ANF shares. Citigroup Inc. raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research report on Friday, August 25th. William Blair reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Friday, August 25th. TheStreet downgraded shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research report on Thursday, June 15th. Jefferies Group LLC set a $13.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Monday, July 10th. Finally, Wunderlich raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating and increased their target price for the company from $10.50 to $12.00 in a research report on Thursday, June 22nd. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Abercrombie & Fitch currently has an average rating of “Hold” and a consensus price target of $12.30.

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Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The firm had revenue of $779.00 million for the quarter, compared to analysts’ expectations of $758.57 million. During the same period in the previous year, the firm earned ($0.25) earnings per share. The business’s revenue was down .5% compared to the same quarter last year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

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

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