Great West Life Assurance Co. Can increased its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 507.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,358 shares of the apparel retailer’s stock after buying an additional 488,167 shares during the period. Great West Life Assurance Co. Can’s holdings in Abercrombie & Fitch were worth $7,277,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd bought a new position in shares of Abercrombie & Fitch during the first quarter valued at $149,000. Suntrust Banks Inc. increased its position in Abercrombie & Fitch by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock valued at $152,000 after buying an additional 931 shares during the period. State of Alaska Department of Revenue increased its position in Abercrombie & Fitch by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after buying an additional 5,957 shares during the period. Mason Street Advisors LLC increased its position in Abercrombie & Fitch by 7.0% in the first quarter. Mason Street Advisors LLC now owns 15,825 shares of the apparel retailer’s stock valued at $189,000 after buying an additional 1,037 shares during the period. Finally, First Financial Equity Corporation acquired a new position in Abercrombie & Fitch during the first quarter valued at approximately $223,000.

Abercrombie & Fitch Company (NYSE:ANF) opened at 9.81 on Friday. The company’s market cap is $667.24 million. The company has a 50-day moving average of $10.44 and a 200-day moving average of $11.69. Abercrombie & Fitch Company has a one year low of $8.81 and a one year high of $23.29.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.21. The firm had revenue of $661.10 million during the quarter, compared to analysts’ expectations of $651.25 million. Abercrombie & Fitch had a negative return on equity of 1.26% and a negative net margin of 0.55%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.53) EPS. Equities research analysts expect that Abercrombie & Fitch Company will post ($0.30) EPS for the current fiscal year.

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ANF has been the topic of several research reports. Vetr upgraded shares of Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating and set a $12.38 price target on the stock in a research note on Monday, April 17th. BMO Capital Markets set a $14.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Thursday, July 6th. Wunderlich downgraded shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a research note on Thursday, May 11th. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch in a research note on Monday, July 17th. Finally, Standpoint Research downgraded shares of Abercrombie & Fitch from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 10th. Eleven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.85.

Abercrombie & Fitch Company 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.

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

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