Los Angeles Capital Management & Equity Research Inc. Invests $518,000 in Abercrombie & Fitch Co. (ANF)

Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 18,885 shares of the apparel retailer’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at about $502,000. Vanguard Group Inc. increased its position in shares of Abercrombie & Fitch by 11.1% during the third quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after buying an additional 1,119,930 shares during the period. ClariVest Asset Management LLC grew its holdings in Abercrombie & Fitch by 0.9% in the fourth quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock worth $2,025,000 after purchasing an additional 900 shares during the period. BlackRock Inc. grew its holdings in Abercrombie & Fitch by 1.1% in the fourth 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 period. Finally, Investec Asset Management LTD grew its holdings in Abercrombie & Fitch by 7.6% in the first quarter. Investec Asset Management LTD now owns 135,783 shares of the apparel retailer’s stock worth $3,722,000 after purchasing an additional 9,586 shares during the period.

A number of brokerages have weighed in on ANF. ValuEngine cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday. Wedbush cut shares of Abercrombie & Fitch from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a report on Thursday. They noted that the move was a valuation call. Zacks Investment Research cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Argus upped their price objective on shares of Abercrombie & Fitch to $28.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Deutsche Bank set a $24.00 price objective on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $23.36.

In other news, Director Nigel Travis bought 2,917 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $25.70 per share, for a total transaction of $74,966.90. Following the completion of the purchase, the director now owns 2,917 shares in the company, valued at approximately $74,966.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.95% of the company’s stock.

Shares of NYSE ANF opened at $27.58 on Monday. The company has a market capitalization of $1.90 billion, a PE ratio of 23.98, a PEG ratio of 1.34 and a beta of 0.63. Abercrombie & Fitch Co. has a 52-week low of $15.28 and a 52-week high of $30.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.61 and a current ratio of 2.39.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.20. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. On average, research analysts anticipate that Abercrombie & Fitch Co. will post 1.39 earnings per share for the current year.

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About Abercrombie & Fitch

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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Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Co. (NYSE:ANF).

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

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