Texas Permanent School Fund Corp Boosts Position in Abercrombie & Fitch Company $ANF

Texas Permanent School Fund Corp grew its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 122.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 55,966 shares of the apparel retailer’s stock after purchasing an additional 30,853 shares during the period. Texas Permanent School Fund Corp’s holdings in Abercrombie & Fitch were worth $4,637,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Valeo Financial Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 10,469.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after acquiring an additional 983,705 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Abercrombie & Fitch by 13.5% in the 2nd quarter. Osaic Holdings Inc. now owns 9,551 shares of the apparel retailer’s stock valued at $791,000 after purchasing an additional 1,133 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in Abercrombie & Fitch by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 19,660 shares of the apparel retailer’s stock valued at $1,629,000 after purchasing an additional 425 shares during the period. Marex Group plc acquired a new position in shares of Abercrombie & Fitch during the second quarter worth about $2,097,000. Finally, State of Wyoming purchased a new stake in shares of Abercrombie & Fitch in the second quarter worth about $549,000.

Abercrombie & Fitch Trading Up 0.5%

Shares of NYSE:ANF opened at $116.95 on Thursday. The firm has a market cap of $5.36 billion, a PE ratio of 11.21 and a beta of 1.17. The company has a fifty day simple moving average of $81.61 and a 200 day simple moving average of $86.54. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.22. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. As a group, equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

ANF has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. The Goldman Sachs Group initiated coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They issued a “buy” rating and a $120.00 price objective for the company. Barclays lifted their price objective on shares of Abercrombie & Fitch from $84.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, November 28th. UBS Group upped their target price on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.10.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.