Sterling Capital Management LLC Invests $969,000 in Abercrombie & Fitch Co. (ANF) Stock

Sterling Capital Management LLC bought a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 67,088 shares of the apparel retailer’s stock, valued at approximately $969,000. Sterling Capital Management LLC owned about 0.10% of Abercrombie & Fitch as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC lifted its position in Abercrombie & Fitch by 1.8% during the first quarter. Teachers Advisors LLC now owns 119,411 shares of the apparel retailer’s stock valued at $1,425,000 after buying an additional 2,110 shares during the period. Renaissance Technologies LLC purchased a new position in Abercrombie & Fitch during the first quarter valued at $431,000. Texas Permanent School Fund lifted its position in Abercrombie & Fitch by 1.3% during the second quarter. Texas Permanent School Fund now owns 49,644 shares of the apparel retailer’s stock valued at $618,000 after buying an additional 646 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Abercrombie & Fitch by 22.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 535,177 shares of the apparel retailer’s stock valued at $6,658,000 after buying an additional 99,563 shares during the period. Finally, Arizona State Retirement System lifted its position in Abercrombie & Fitch by 0.6% during the second quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock valued at $442,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Shares of Abercrombie & Fitch Co. (NYSE ANF) traded up $0.80 during trading on Thursday, reaching $19.08. The company’s stock had a trading volume of 2,311,742 shares, compared to its average volume of 2,569,761. The company has a market cap of $1,300.00, a P/E ratio of -65.79, a PEG ratio of 12.15 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch Co. has a 12 month low of $8.81 and a 12 month high of $19.22.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. During the same quarter in the prior year, the company earned $0.02 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. equities analysts anticipate that Abercrombie & Fitch Co. will post 0.11 EPS for the current year.

ANF has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $15.00 price target (up previously from $13.00) on shares of Abercrombie & Fitch in a research report on Friday, September 22nd. Jefferies Group reiterated a “hold” rating and issued a $12.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, September 28th. Argus upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. downgraded Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and cut their price target for the company from $12.00 to $10.00 in a research note on Wednesday, November 1st. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.13.

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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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