Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its stake in shares of Abercrombie & Fitch Co. (NYSE:ANFGet Rating) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,527 shares of the apparel retailer’s stock after selling 6,750 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Abercrombie & Fitch were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Banco Santander S.A. lifted its position in Abercrombie & Fitch by 108.9% during the 2nd quarter. Banco Santander S.A. now owns 16,331 shares of the apparel retailer’s stock worth $276,000 after acquiring an additional 8,515 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its position in Abercrombie & Fitch by 3.5% during the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 107,489 shares of the apparel retailer’s stock worth $3,439,000 after acquiring an additional 3,586 shares during the period. Victory Capital Management Inc. lifted its position in Abercrombie & Fitch by 10.1% during the 2nd quarter. Victory Capital Management Inc. now owns 829,551 shares of the apparel retailer’s stock worth $14,036,000 after acquiring an additional 75,965 shares during the period. Versor Investments LP lifted its position in Abercrombie & Fitch by 52.6% during the 1st quarter. Versor Investments LP now owns 9,782 shares of the apparel retailer’s stock worth $313,000 after acquiring an additional 3,372 shares during the period. Finally, Contrarius Investment Management Ltd lifted its position in Abercrombie & Fitch by 58.5% during the 1st quarter. Contrarius Investment Management Ltd now owns 308,595 shares of the apparel retailer’s stock worth $9,872,000 after acquiring an additional 113,880 shares during the period. 95.22% of the stock is owned by institutional investors and hedge funds.

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $18.78 on Monday. Abercrombie & Fitch Co. has a 1-year low of $14.02 and a 1-year high of $47.58. The company has a market capitalization of $928.75 million, a P/E ratio of 15.15 and a beta of 1.37. The business has a 50 day moving average price of $16.77 and a 200 day moving average price of $19.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.58.

Abercrombie & Fitch (NYSE:ANFGet Rating) last released its quarterly earnings data on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.53). Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The firm had revenue of $805.90 million during the quarter, compared to analysts’ expectations of $843.56 million. During the same period in the previous year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Sell-side analysts expect that Abercrombie & Fitch Co. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley cut their target price on Abercrombie & Fitch from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Tuesday, August 30th. Telsey Advisory Group cut their target price on Abercrombie & Fitch from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, August 26th. StockNews.com assumed coverage on Abercrombie & Fitch in a research note on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, October 31st. Finally, B. Riley cut their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Hold” and an average price target of $21.17.

Abercrombie & Fitch Profile

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Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

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

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