Canada Pension Plan Investment Board Purchases 265,500 Shares of Abercrombie & Fitch Company (ANF)

Canada Pension Plan Investment Board grew its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 107.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 511,598 shares of the specialty retailer’s stock after purchasing an additional 265,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.75% of Abercrombie & Fitch worth $7,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of Abercrombie & Fitch by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the specialty retailer’s stock valued at $345,000 after purchasing an additional 100 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Abercrombie & Fitch by 0.5% during the 2nd quarter. Capstone Asset Management Co. now owns 31,952 shares of the specialty retailer’s stock valued at $397,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System increased its position in shares of Abercrombie & Fitch by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 35,500 shares of the specialty retailer’s stock valued at $442,000 after purchasing an additional 200 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Abercrombie & Fitch by 0.3% during the 1st quarter. Prudential Financial Inc. now owns 115,769 shares of the specialty retailer’s stock valued at $1,381,000 after purchasing an additional 400 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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ANF has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of Abercrombie & Fitch in a research report on Monday, July 17th. Zacks Investment Research cut Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $14.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a report on Tuesday, August 8th. FBR & Co dropped their target price on Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. Finally, Robert W. Baird set a $13.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a report on Thursday, August 24th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$12.24.

Shares of Abercrombie & Fitch Company (ANF) opened at C$12.56 on Monday. Abercrombie & Fitch Company has a fifty-two week low of C$8.81 and a fifty-two week high of C$17.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 2.16.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported C($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.33) by C$0.17. The firm had revenue of C$779.00 million for the quarter, compared to the consensus estimate of C$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 revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted ($0.25) EPS. analysts predict that Abercrombie & Fitch Company will post -0.01 EPS for the current fiscal year.

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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