Principal Financial Group Inc. grew its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 517,187 shares of the apparel retailer’s stock after buying an additional 2,805 shares during the period. Principal Financial Group Inc. owned approximately 0.76% of Abercrombie & Fitch worth $6,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its holdings in Abercrombie & Fitch by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock worth $345,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted its holdings in Abercrombie & Fitch by 0.5% during the second quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock worth $397,000 after buying an additional 160 shares during the last quarter. Arizona State Retirement System boosted its holdings in Abercrombie & Fitch by 0.6% during the second quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock worth $442,000 after buying an additional 200 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Abercrombie & Fitch by 0.3% during the first quarter. Prudential Financial Inc. now owns 115,769 shares of the apparel retailer’s stock worth $1,381,000 after buying an additional 400 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Abercrombie & Fitch by 1.3% during the second quarter. Texas Permanent School Fund now owns 49,644 shares of the apparel retailer’s stock worth $618,000 after buying an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 98.47% of the company’s stock.

A number of brokerages have issued reports on ANF. Deutsche Bank AG reduced their target price on Abercrombie & Fitch to $9.00 and set a “sell” rating on the stock in a report on Monday, July 10th. TheStreet lowered Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research report on Thursday, June 15th. BidaskClub raised Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. William Blair reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Friday, August 25th. Finally, Citigroup Inc. raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.30.

Shares of Abercrombie & Fitch Company (ANF) opened at 14.44 on Friday. Abercrombie & Fitch Company has a 1-year low of $8.81 and a 1-year high of $17.35. The company’s market capitalization is $983.18 million. The company has a 50-day moving average price of $11.58 and a 200 day moving average price of $11.71.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The firm had revenue of $779.00 million during the quarter, compared to analyst estimates of $758.57 million. During the same period last year, the company earned ($0.25) earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Abercrombie & Fitch Company will post ($0.04) EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, September 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Wednesday, August 30th. Abercrombie & Fitch’s payout ratio is currently -258.06%.

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About Abercrombie & Fitch

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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