Cambria Investment Management L.P. trimmed its position in Abercrombie & Fitch Co. (NYSE:ANF) by 11.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,119 shares of the apparel retailer’s stock after selling 5,539 shares during the period. Cambria Investment Management L.P.’s holdings in Abercrombie & Fitch were worth $1,182,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new stake in Abercrombie & Fitch during the 4th quarter valued at $25,000. Optimum Investment Advisors acquired a new stake in Abercrombie & Fitch during the 1st quarter valued at $27,000. Quantamental Technologies LLC acquired a new stake in Abercrombie & Fitch during the 4th quarter valued at $72,000. Investors Research Corp acquired a new stake in Abercrombie & Fitch during the 1st quarter valued at $130,000. Finally, PNC Financial Services Group Inc. raised its stake in Abercrombie & Fitch by 8.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,197 shares of the apparel retailer’s stock valued at $204,000 after purchasing an additional 763 shares during the period.
Shares of NYSE:ANF opened at $24.32 on Thursday. 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 Co. has a 12-month low of $15.28 and a 12-month high of $30.63. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.21 and a beta of 0.63.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 EPS for the quarter, beating the consensus estimate of $1.15 by $0.20. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company posted $1.38 EPS. Abercrombie & Fitch’s revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Abercrombie & Fitch Co. will post 1.4 earnings per share for the current fiscal year.
In related news, Director Nigel Travis purchased 2,917 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $74,966.90. Following the acquisition, the director now directly owns 2,917 shares in the company, valued at approximately $74,966.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.95% of the company’s stock.
ANF has been the topic of several recent analyst reports. TheStreet raised shares of Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. ValuEngine raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $27.00 in a research note on Thursday, March 7th. Deutsche Bank set a $24.00 target price on shares of Abercrombie & Fitch and gave the company a “sell” rating in a research note on Thursday, March 7th. Finally, B. Riley set a $26.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.36.
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About Abercrombie & Fitch
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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