24,100 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANFGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,100 shares of the apparel retailer’s stock, valued at approximately $375,000.

Other large investors have also bought and sold shares of the company. LS Investment Advisors LLC bought a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $29,000. Captrust Financial Advisors increased its holdings in shares of Abercrombie & Fitch by 24.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after purchasing an additional 913 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Abercrombie & Fitch in the first quarter worth $95,000. SG Americas Securities LLC purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at $122,000. Finally, Point72 Hong Kong Ltd increased its holdings in Abercrombie & Fitch by 633.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,513 shares of the apparel retailer’s stock worth $127,000 after buying an additional 6,489 shares in the last quarter.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $27.23 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.51 and a debt-to-equity ratio of 1.53. Abercrombie & Fitch Co. has a 12 month low of $14.02 and a 12 month high of $42.09. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 63.33 and a beta of 1.40. The company’s 50 day moving average is $22.13 and its two-hundred day moving average is $18.88.

Abercrombie & Fitch (NYSE:ANFGet Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.14. The firm had revenue of $880.10 million for the quarter, compared to the consensus estimate of $831.17 million. Abercrombie & Fitch had a net margin of 0.82% and a return on equity of 5.38%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. As a group, research analysts anticipate that Abercrombie & Fitch Co. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Abercrombie & Fitch from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. UBS Group lifted their target price on shares of Abercrombie & Fitch from $24.00 to $28.00 in a research report on Tuesday. Telsey Advisory Group increased their price target on Abercrombie & Fitch from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday. Argus lifted their price objective on Abercrombie & Fitch from $18.00 to $27.00 in a report on Wednesday, December 7th. Finally, StockNews.com started coverage on Abercrombie & Fitch in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.86.

Insider Activity

In related news, Director Terry Lee Burman sold 42,663 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $22.57, for a total transaction of $962,903.91. Following the completion of the sale, the director now owns 53,214 shares in the company, valued at $1,201,039.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.62% of the company’s stock.

About Abercrombie & Fitch

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Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

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

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