Norges Bank Purchases New Position in Abercrombie & Fitch Co. (ANF)

Norges Bank purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,282,683 shares of the apparel retailer’s stock, valued at approximately $25,718,000. Norges Bank owned about 1.95% of Abercrombie & Fitch as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc lifted its stake in shares of Abercrombie & Fitch by 11.1% in the 3rd quarter. Vanguard Group Inc now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after acquiring an additional 1,119,930 shares during the last quarter. Vanguard Group Inc. raised its position in Abercrombie & Fitch by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock worth $237,225,000 after purchasing an additional 1,119,930 shares during the last quarter. BlackRock Inc. raised its position in Abercrombie & Fitch by 1.1% during the 4th quarter. BlackRock Inc. now owns 9,748,353 shares of the apparel retailer’s stock worth $195,453,000 after purchasing an additional 106,499 shares during the last quarter. Contrarius Investment Management Ltd bought a new position in Abercrombie & Fitch during the 4th quarter worth $57,945,000. Finally, Paradice Investment Management LLC raised its position in Abercrombie & Fitch by 0.6% during the 4th quarter. Paradice Investment Management LLC now owns 2,709,930 shares of the apparel retailer’s stock worth $54,334,000 after purchasing an additional 14,841 shares during the last quarter.

In other Abercrombie & Fitch news, Director Nigel Travis acquired 2,917 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $25.70 per share, with a total value of $74,966.90. Following the transaction, the director now owns 2,917 shares in the company, valued at approximately $74,966.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.95% of the company’s stock.

ANF stock opened at $28.14 on Friday. Abercrombie & Fitch Co. has a 1-year low of $15.28 and a 1-year high of $29.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.39 and a quick ratio of 1.61. The stock has a market capitalization of $1.87 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.20. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $1.38 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post 1.39 earnings per share for the current year.

Several research analysts recently issued reports on ANF shares. Wedbush set a $23.00 target price on Abercrombie & Fitch and gave the stock a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Thursday, March 7th. JPMorgan Chase & Co. raised Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $27.00 in a research report on Thursday, March 7th. Morgan Stanley raised their target price on Abercrombie & Fitch from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Thursday, March 7th. Finally, B. Riley set a $26.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $23.36.

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Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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

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