Abercrombie & Fitch (ANF) Position Raised by LPL Financial LLC

LPL Financial LLC increased its position in shares of Abercrombie & Fitch (NYSE:ANF) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,193 shares of the apparel retailer’s stock after purchasing an additional 2,360 shares during the quarter. LPL Financial LLC’s holdings in Abercrombie & Fitch were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANF. Millennium Management LLC lifted its position in Abercrombie & Fitch by 968.7% during the fourth quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock worth $19,601,000 after purchasing an additional 1,019,343 shares during the period. Renaissance Technologies LLC bought a new stake in Abercrombie & Fitch during the fourth quarter worth about $12,907,000. BlackRock Inc. lifted its position in Abercrombie & Fitch by 5.8% during the fourth quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock worth $154,577,000 after purchasing an additional 485,775 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Abercrombie & Fitch during the fourth quarter worth about $7,900,000. Finally, Allianz Asset Management GmbH lifted its position in Abercrombie & Fitch by 883.9% during the fourth quarter. Allianz Asset Management GmbH now owns 476,007 shares of the apparel retailer’s stock worth $8,297,000 after purchasing an additional 427,626 shares during the period. 99.46% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.64% of the company’s stock.

Abercrombie & Fitch stock opened at $26.55 on Monday. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $29.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.66. The company has a market capitalization of $1,808.11, a PE ratio of 40.85, a PEG ratio of 2.78 and a beta of 0.90.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.28. Abercrombie & Fitch had a return on equity of 4.86% and a net margin of 0.20%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. sell-side analysts predict that Abercrombie & Fitch will post 0.68 EPS for the current fiscal year.

A number of research analysts have recently commented on ANF shares. Robert W. Baird reissued a “hold” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 23rd. B. Riley increased their target price on shares of Abercrombie & Fitch from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Bank of America increased their target price on shares of Abercrombie & Fitch from $9.00 to $16.00 and gave the stock a “sell” rating in a report on Wednesday, January 24th. Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, March 8th. Finally, Jefferies Group reissued a “hold” rating on shares of Abercrombie & Fitch in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.57.

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About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers 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 brand names.

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

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