Northern Trust Corp Trims Stake in Abercrombie & Fitch Company (NYSE:ANF)

Northern Trust Corp lessened its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 893,928 shares of the apparel retailer’s stock after selling 111,046 shares during the quarter. Northern Trust Corp owned 1.31% of Abercrombie & Fitch worth $11,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its stake in shares of Abercrombie & Fitch by 94.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 64,668 shares of the apparel retailer’s stock valued at $771,000 after buying an additional 31,404 shares during the period. Prudential Financial Inc. lifted its stake in Abercrombie & Fitch by 0.3% during the first quarter. Prudential Financial Inc. now owns 115,769 shares of the apparel retailer’s stock valued at $1,381,000 after purchasing an additional 400 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Abercrombie & Fitch by 3.6% during the first quarter. Principal Financial Group Inc. now owns 514,382 shares of the apparel retailer’s stock valued at $6,137,000 after purchasing an additional 18,082 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Abercrombie & Fitch by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 119,411 shares of the apparel retailer’s stock valued at $1,425,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Abercrombie & Fitch by 6.9% in the 1st quarter. Legal & General Group Plc now owns 221,363 shares of the apparel retailer’s stock worth $2,646,000 after buying an additional 14,356 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

ANF has been the subject of a number of analyst reports. Royal Bank Of Canada raised shares of Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $12.00 to $14.00 in a report on Thursday, August 31st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. J P Morgan Chase & Co cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $12.00 to $10.00 in a report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, September 28th. Finally, BidaskClub raised shares of Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.24.

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Shares of Abercrombie & Fitch Company (NYSE ANF) opened at $12.37 on Wednesday. Abercrombie & Fitch Company has a 12 month low of $8.81 and a 12 month high of $16.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 2.16.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.17. The company had revenue of $779.00 million for the quarter, compared to the consensus estimate of $758.57 million. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. Abercrombie & Fitch’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.25) earnings per share. equities analysts predict that Abercrombie & Fitch Company will post -0.01 EPS for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

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

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