Texas Permanent School Fund cut its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 42,980 shares of the apparel retailer’s stock after selling 2,231 shares during the quarter. Texas Permanent School Fund’s holdings in Abercrombie & Fitch were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $613,000. Oregon Public Employees Retirement Fund grew its position in Abercrombie & Fitch by 3.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,401 shares of the apparel retailer’s stock worth $423,000 after acquiring an additional 900 shares during the last quarter. New York State Teachers Retirement System grew its position in Abercrombie & Fitch by 1.7% during the 2nd quarter. New York State Teachers Retirement System now owns 168,115 shares of the apparel retailer’s stock worth $2,697,000 after acquiring an additional 2,846 shares during the last quarter. Arizona State Retirement System grew its position in Abercrombie & Fitch by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 103,337 shares of the apparel retailer’s stock worth $1,658,000 after acquiring an additional 1,765 shares during the last quarter. Finally, Strs Ohio grew its position in Abercrombie & Fitch by 39.2% during the 2nd quarter. Strs Ohio now owns 51,500 shares of the apparel retailer’s stock worth $826,000 after acquiring an additional 14,500 shares during the last quarter.

ANF has been the topic of a number of research reports. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $14.00 in a research report on Friday, August 30th. B. Riley set a $15.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Friday, August 30th. Telsey Advisory Group reduced their price objective on Abercrombie & Fitch from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Finally, Royal Bank of Canada reduced their price objective on Abercrombie & Fitch from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.64.

Shares of NYSE ANF traded down $0.03 during trading on Thursday, reaching $17.96. The company had a trading volume of 50,879 shares, compared to its average volume of 1,826,281. The company’s fifty day moving average price is $16.07 and its 200-day moving average price is $18.22. Abercrombie & Fitch Co. has a 12 month low of $13.58 and a 12 month high of $30.63. The stock has a market cap of $1.14 billion, a P/E ratio of 15.62, a PEG ratio of 1.58 and a beta of 0.95. The company has a quick ratio of 0.87, a current ratio of 1.48 and a debt-to-equity ratio of 1.48.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.04. Abercrombie & Fitch had a return on equity of 5.84% and a net margin of 2.00%. The firm had revenue of $841.08 million for the quarter, compared to analyst estimates of $847.96 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, equities analysts predict that Abercrombie & Fitch Co. will post 0.74 earnings per share for the current year.

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

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