Adams Asset Advisors LLC Has $757,000 Position in Abercrombie & Fitch Co. (ANF)

Adams Asset Advisors LLC lowered its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 70.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,478 shares of the apparel retailer’s stock after selling 103,753 shares during the quarter. Adams Asset Advisors LLC owned 0.06% of Abercrombie & Fitch worth $757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lorber David A bought a new stake in Abercrombie & Fitch in the third quarter valued at about $126,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Abercrombie & Fitch in the second quarter valued at about $114,000. Old Mutual Global Investors UK Ltd. bought a new stake in Abercrombie & Fitch in the third quarter valued at about $133,000. Northwestern Mutual Investment Management Company LLC bought a new stake in Abercrombie & Fitch in the second quarter valued at about $208,000. Finally, Suntrust Banks Inc. increased its stake in Abercrombie & Fitch by 3.9% in the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after acquiring an additional 492 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

ANF has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $12.00 to $10.00 in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Jefferies Group upped their price objective on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday, December 18th. BMO Capital Markets upped their price objective on shares of Abercrombie & Fitch from $12.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, November 17th. Finally, Bank of America set a $9.00 price objective on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a research note on Monday, November 20th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.13.

Shares of Abercrombie & Fitch Co. (NYSE ANF) traded up $0.09 during mid-day trading on Thursday, hitting $18.95. 918,038 shares of the stock were exchanged, compared to its average volume of 2,320,000. Abercrombie & Fitch Co. has a 12 month low of $8.81 and a 12 month high of $19.60. The firm has a market capitalization of $1,290.00, a price-to-earnings ratio of -65.34, a price-to-earnings-growth ratio of 15.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.07.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The company had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. During the same period in the prior year, the business earned $0.02 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts anticipate that Abercrombie & Fitch Co. will post 0.09 earnings per share for the current year.

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Abercrombie & Fitch Company 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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