Quantamental Technologies LLC Invests $72,000 in Abercrombie & Fitch Co. (ANF) Stock

Quantamental Technologies LLC bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the 4th quarter, HoldingsChannel reports. The firm bought 3,592 shares of the apparel retailer’s stock, valued at approximately $72,000.

Other hedge funds also recently made changes to their positions in the company. Kessler Investment Group LLC bought a new stake in Abercrombie & Fitch in the third quarter valued at approximately $191,000. USA Financial Portformulas Corp bought a new stake in Abercrombie & Fitch in the third quarter valued at approximately $278,000. Summit Securities Group LLC bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $241,000. Hartford Investment Management Co. bought a new stake in Abercrombie & Fitch in the third quarter valued at approximately $285,000. Finally, Rafferty Asset Management LLC bought a new stake in Abercrombie & Fitch in the third quarter valued at approximately $310,000.

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Abercrombie & Fitch stock opened at $21.87 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62. Abercrombie & Fitch Co. has a 52-week low of $15.28 and a 52-week high of $29.69. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, November 29th. The apparel retailer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $861.00 million for the quarter, compared to analysts’ expectations of $856.34 million. Abercrombie & Fitch had a return on equity of 7.23% and a net margin of 1.43%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 0.95 EPS for the current year.

In other news, Director Kerrii B. Anderson bought 2,000 shares of the stock in a transaction dated Tuesday, December 4th. The shares were bought at an average cost of $19.72 per share, with a total value of $39,440.00. Following the completion of the transaction, the director now directly owns 6,686 shares of the company’s stock, valued at $131,847.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.95% of the stock is owned by corporate insiders.

ANF has been the topic of a number of research analyst reports. ValuEngine cut Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target (up from $20.00) on shares of Abercrombie & Fitch in a report on Friday, November 30th. Wedbush increased their price target on Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. Wolfe Research restated an “underperform” rating and set a $18.00 price target (down from $20.00) on shares of Abercrombie & Fitch in a report on Tuesday, January 15th. Finally, TheStreet upgraded Abercrombie & Fitch from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.23.

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Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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