Russell Investments Group Ltd. Raises Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Russell Investments Group Ltd. lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,925 shares of the apparel retailer’s stock after acquiring an additional 12,322 shares during the quarter. Russell Investments Group Ltd.’s holdings in Abercrombie & Fitch were worth $2,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ANF. Captrust Financial Advisors increased its position in shares of Abercrombie & Fitch by 24.9% during the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock valued at $77,000 after acquiring an additional 913 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Abercrombie & Fitch in the first quarter worth $95,000. Public Employees Retirement System of Ohio increased its position in Abercrombie & Fitch by 13.4% in the third quarter. Public Employees Retirement System of Ohio now owns 6,851 shares of the apparel retailer’s stock worth $107,000 after buying an additional 810 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Abercrombie & Fitch by 57.9% in the third quarter. Tower Research Capital LLC TRC now owns 7,073 shares of the apparel retailer’s stock worth $110,000 after buying an additional 2,594 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Abercrombie & Fitch by 633.7% in the second quarter. Point72 Hong Kong Ltd now owns 7,513 shares of the apparel retailer’s stock worth $127,000 after buying an additional 6,489 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. StockNews.com assumed coverage on Abercrombie & Fitch in a research report on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, UBS Group lifted their price target on Abercrombie & Fitch from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Hold” and an average price target of $27.25.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $22.86 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 381.06 and a beta of 1.45. Abercrombie & Fitch Co. has a fifty-two week low of $14.02 and a fifty-two week high of $31.69. The stock has a fifty day moving average of $24.91 and a 200-day moving average of $25.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.36.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. Abercrombie & Fitch’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 1.43 earnings per share for the current year.

About Abercrombie & Fitch

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.