Engineers Gate Manager LP raised its holdings in shares of Abercrombie & Fitch (NYSE:ANF) by 132.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,676 shares of the apparel retailer’s stock after acquiring an additional 63,546 shares during the quarter. Engineers Gate Manager LP owned about 0.16% of Abercrombie & Fitch worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Chicago Equity Partners LLC bought a new stake in Abercrombie & Fitch during the 1st quarter valued at $440,000. Robeco Institutional Asset Management B.V. raised its holdings in Abercrombie & Fitch by 1.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,228,734 shares of the apparel retailer’s stock valued at $29,749,000 after acquiring an additional 12,528 shares during the period. Swiss National Bank raised its holdings in Abercrombie & Fitch by 1.9% during the 1st quarter. Swiss National Bank now owns 118,100 shares of the apparel retailer’s stock valued at $2,859,000 after acquiring an additional 2,200 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Abercrombie & Fitch by 6.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 51,816 shares of the apparel retailer’s stock valued at $1,254,000 after acquiring an additional 2,932 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Abercrombie & Fitch by 1.2% during the 1st quarter. Prudential Financial Inc. now owns 207,519 shares of the apparel retailer’s stock valued at $5,024,000 after acquiring an additional 2,520 shares during the period.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th. Robert W. Baird reissued a “neutral” rating on shares of Abercrombie & Fitch in a report on Thursday, March 8th. BMO Capital Markets reissued a “market perform” rating on shares of Abercrombie & Fitch in a report on Thursday, March 8th. B. Riley reissued a “neutral” rating and set a $24.00 target price (up previously from $22.00) on shares of Abercrombie & Fitch in a report on Thursday, March 8th. Finally, ValuEngine raised shares of Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.94.

Abercrombie & Fitch opened at $25.87 on Wednesday, according to Marketbeat Ratings. The firm has a market capitalization of $1.72 billion, a P/E ratio of 39.80, a PEG ratio of 3.72 and a beta of 0.87. The company has a current ratio of 2.49, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch has a 52 week low of $25.15 and a 52 week high of $25.86.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.28. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Abercrombie & Fitch had a return on equity of 4.86% and a net margin of 0.20%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. sell-side analysts anticipate that Abercrombie & Fitch will post 0.68 earnings per share for the current fiscal year.

In related news, Director Arthur C. Martinez sold 20,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is owned by corporate insiders.

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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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

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