As Abercrombie & Fitch Co (ANF) Valuation Declined, Holder Nomura Asset Management Company LTD Cut Its Stake by $5.16 Million

Abercrombie & Fitch Co. (NYSE:ANF) LogoInvestors sentiment increased to 1.16 in Q1 2019. Its up 0.08, from 1.08 in 2018Q4. It improved, as 29 investors sold ANF shares while 67 reduced holdings. 50 funds opened positions while 61 raised stakes. 71.53 million shares or 1.41% less from 72.56 million shares in 2018Q4 were reported. Moreover, Lombard Odier Asset Mngmt (Usa) has 0.35% invested in Abercrombie & Fitch Co. (NYSE:ANF). Geode Capital Ltd Limited Liability Company owns 824,257 shares. Nordea Inv Mngmt Ab has invested 0.01% in Abercrombie & Fitch Co. (NYSE:ANF). Fil Limited has invested 0% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF). Alliancebernstein Ltd Partnership holds 0% or 89,615 shares in its portfolio. Moreover, Signaturefd Ltd Co has 0% invested in Abercrombie & Fitch Co. (NYSE:ANF). Moreover, Comerica Natl Bank has 0.01% invested in Abercrombie & Fitch Co. (NYSE:ANF). Citigroup stated it has 223,630 shares. Sg Americas invested in 115,388 shares. Ckw Fincl Gru holds 0% or 100 shares. Aqr Mgmt Limited Liability Com holds 0.01% or 273,146 shares in its portfolio. Alyeska Investment Group Ltd Partnership owns 0.13% invested in Abercrombie & Fitch Co. (NYSE:ANF) for 352,944 shares. Coatue Limited Co reported 0.01% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF). Mason Street Advsrs Ltd Limited Liability Company holds 21,146 shares. Hrt Financial Limited Liability Company holds 7,871 shares.

Since March 8, 2019, it had 1 insider buy, and 0 sales for $74,966 activity.

Nomura Asset Management Company Ltd decreased its stake in Abercrombie & Fitch Co (ANF) by 30.95% based on its latest 2019Q1 regulatory filing with the SEC. Nomura Asset Management Company Ltd sold 191,000 shares as the company’s stock declined 36.86% . The institutional investor held 426,200 shares of the clothing and shoe and accessory stores company at the end of 2019Q1, valued at $11.68 million, down from 617,200 at the end of the previous reported quarter. Nomura Asset Management Company Ltd who had been investing in Abercrombie & Fitch Co for a number of months, seems to be less bullish one the $996.49M market cap company. The stock decreased 2.82% or $0.44 during the last trading session, reaching $15.17. About 2.13 million shares traded. Abercrombie & Fitch Co. (NYSE:ANF) has declined 19.72% since August 15, 2018 and is downtrending. It has underperformed by 19.72% the S&P500.

Nomura Asset Management Company Ltd, which manages about $32.64 billion and $10.18B US Long portfolio, upped its stake in Ralph Lauren Corp (NYSE:RL) by 66,623 shares to 76,877 shares, valued at $9.97M in 2019Q1, according to the filing. It also increased its holding in Illumina Inc (NASDAQ:ILMN) by 75,543 shares in the quarter, for a total of 206,966 shares, and has risen its stake in Infosys Ltd (NYSE:INFY).

Analysts await Abercrombie & Fitch Co. (NYSE:ANF) to report earnings on August, 29. They expect $-0.52 earnings per share, down 966.67 % or $0.58 from last year’s $0.06 per share. After $-0.29 actual earnings per share reported by Abercrombie & Fitch Co. for the previous quarter, Wall Street now forecasts 79.31 % negative EPS growth.

More notable recent Abercrombie & Fitch Co. (NYSE:ANF) news were published by: Globenewswire.com which released: “Hollister and Operation Warm Launch Annual Giving Campaign – GlobeNewswire” on November 27, 2018, also Forbes.com with their article: “Should Abercrombie Spin-Off Hollister As A Separate Entity? – Forbes” published on August 02, 2019, Benzinga.com published: “Abercrombie & Fitch Plummets 20% Following Q1 Earnings – Benzinga” on May 29, 2019. More interesting news about Abercrombie & Fitch Co. (NYSE:ANF) were released by: Globenewswire.com and their article: “Abercrombie & Fitch Co. to Report Second Quarter 2019 Results on August 29, 2019 – GlobeNewswire” published on August 02, 2019 as well as Seekingalpha.com‘s news article titled: “Abercrombie & Fitch: Growth Has Peaked – Seeking Alpha” with publication date: December 17, 2018.

Abercrombie & Fitch Co. (NYSE:ANF) Ratings Coverage

Among 8 analysts covering Abercrombie & Fitch (NYSE:ANF), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Abercrombie & Fitch has $35 highest and $1600 lowest target. $24.44’s average target is 61.11% above currents $15.17 stock price. Abercrombie & Fitch had 16 analyst reports since February 20, 2019 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Sell” on Thursday, March 7. As per Monday, March 11, the company rating was maintained by Nomura. As per Thursday, March 7, the company rating was maintained by Citigroup. The rating was upgraded by J.P. Morgan to “Hold” on Thursday, March 7. As per Thursday, May 30, the company rating was maintained by Bank of America. The stock of Abercrombie & Fitch Co. (NYSE:ANF) earned “Neutral” rating by JP Morgan on Thursday, March 7. The stock has “Hold” rating by FBR Capital on Thursday, March 7. Robert W. Baird maintained the stock with “Hold” rating in Thursday, March 7 report. The stock of Abercrombie & Fitch Co. (NYSE:ANF) has “Buy” rating given on Thursday, March 7 by Wedbush. The firm has “Underperform” rating given on Thursday, May 30 by Wedbush.

Abercrombie & Fitch Co. (NYSE:ANF) Institutional Positions Chart

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