Mutual of America Capital Management LLC Grows Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Mutual of America Capital Management LLC grew its position in Abercrombie & Fitch Co. (NYSE:ANF) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,805 shares of the apparel retailer’s stock after purchasing an additional 472 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Abercrombie & Fitch were worth $409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC grew its holdings in Abercrombie & Fitch by 50.7% in the first quarter. AlphaCrest Capital Management LLC now owns 30,293 shares of the apparel retailer’s stock worth $1,039,000 after purchasing an additional 10,192 shares during the last quarter. Lisanti Capital Growth LLC purchased a new position in Abercrombie & Fitch in the first quarter worth $6,615,000. Russell Investments Group Ltd. grew its holdings in Abercrombie & Fitch by 34.4% in the second quarter. Russell Investments Group Ltd. now owns 147,584 shares of the apparel retailer’s stock worth $6,850,000 after purchasing an additional 37,773 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth $265,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $4,023,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

ANF has been the subject of several research reports. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $50.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 27th. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Tuesday, June 8th. Zacks Investment Research downgraded shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Tuesday, August 10th. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $22.00 to $31.00 and gave the stock an “underweight” rating in a research note on Friday, June 4th. Finally, TheStreet upgraded shares of Abercrombie & Fitch from a “c” rating to a “b” rating in a research note on Thursday, August 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.00.

NYSE ANF opened at $35.08 on Wednesday. The company has a market capitalization of $2.07 billion, a PE ratio of 8.23, a P/E/G ratio of 0.45 and a beta of 1.83. The company has a fifty day moving average of $38.13 and a 200 day moving average of $38.44. Abercrombie & Fitch Co. has a 1 year low of $13.70 and a 1 year high of $47.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.69 and a quick ratio of 1.22.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 25th. The apparel retailer reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.93. Abercrombie & Fitch had a net margin of 7.66% and a return on equity of 32.06%. The company had revenue of $864.85 million during the quarter, compared to analysts’ expectations of $879.21 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Research analysts expect that Abercrombie & Fitch Co. will post 4.4 earnings per share for the current year.

In related news, Director Suzanne M. Coulter bought 700 shares of the business’s stock in a transaction dated Friday, August 27th. The stock was acquired at an average price of $35.93 per share, with a total value of $25,151.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kerrii B. Anderson bought 1,000 shares of the business’s stock in a transaction dated Thursday, September 2nd. The shares were bought at an average cost of $35.17 per share, with a total value of $35,170.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

Abercrombie & Fitch Company Profile

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.

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

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