Texas Permanent School Fund Corp Has $11.85 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Texas Permanent School Fund Corp lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 51.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,630 shares of the apparel retailer's stock after acquiring an additional 22,515 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.13% of Abercrombie & Fitch worth $11,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hennessy Advisors Inc. increased its position in Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer's stock worth $89,347,000 after buying an additional 76,900 shares during the last quarter. Bank of New York Mellon Corp increased its position in Abercrombie & Fitch by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer's stock worth $81,915,000 after buying an additional 20,616 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Abercrombie & Fitch by 45.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer's stock worth $56,969,000 after buying an additional 141,788 shares during the last quarter. Norges Bank acquired a new position in Abercrombie & Fitch during the fourth quarter worth approximately $37,632,000. Finally, Assenagon Asset Management S.A. increased its position in Abercrombie & Fitch by 2,036.5% during the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock worth $74,615,000 after buying an additional 399,922 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ANF shares. JPMorgan Chase & Co. raised Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. UBS Group decreased their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $208.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 28th. Morgan Stanley decreased their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 29th. Finally, Jefferies Financial Group upped their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $179.14.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $3.35 during trading on Tuesday, hitting $129.91. The company had a trading volume of 2,177,783 shares, compared to its average volume of 1,716,328. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 1.44. The firm has a market capitalization of $6.64 billion, a P/E ratio of 16.16 and a beta of 1.50. The stock's 50-day moving average price is $155.14 and its 200 day moving average price is $146.40. Abercrombie & Fitch Co. has a one year low of $49.24 and a one year high of $196.99.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company's stock, valued at $3,676,109.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock worth $4,310,256. Company insiders own 3.77% of the company's stock.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.