Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,200 shares of the apparel retailer’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Abercrombie & Fitch by 43,958.0% during the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock worth $99,898,000 after buying an additional 8,354,665 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after purchasing an additional 567,021 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Abercrombie & Fitch by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after purchasing an additional 42,983 shares during the last quarter. State Street Corp raised its holdings in shares of Abercrombie & Fitch by 11.0% in the first quarter. State Street Corp now owns 3,297,400 shares of the apparel retailer’s stock valued at $39,340,000 after purchasing an additional 326,288 shares during the last quarter. Finally, Paradice Investment Management LLC raised its holdings in shares of Abercrombie & Fitch by 16.6% in the second quarter. Paradice Investment Management LLC now owns 2,130,392 shares of the apparel retailer’s stock valued at $26,502,000 after purchasing an additional 304,012 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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ANF has been the subject of several analyst reports. Citigroup Inc. upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a report on Friday, August 25th. William Blair reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Jefferies Group LLC set a $13.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Monday, July 10th. BMO Capital Markets set a $14.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Thursday, July 6th. Finally, Robert W. Baird set a $13.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.30.

Abercrombie & Fitch Company (ANF) opened at 13.64 on Tuesday. The firm’s 50 day moving average is $13.97 and its 200 day moving average is $12.23. The stock’s market capitalization is $928.71 million. Abercrombie & Fitch Company has a 1-year low of $8.81 and a 1-year high of $17.35.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.17. The firm had revenue of $779.00 million during 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%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.25) EPS. On average, equities research analysts anticipate that Abercrombie & Fitch Company will post ($0.03) earnings per share for the current year.

Abercrombie & Fitch 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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