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Abercrombie & Fitch investor calls for buybacks

Published 07/19/2017, 09:10 AM
© Reuters. Abercrombie & Fitch investor calls for buybacks
ANF
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  • Abercrombie & Fitch (NYSE:ANF) +1.3% premarket after an investor calls on the teen apparel retailer to buy back shares, following the company's failed attempt to sell itself.
  • SLS Management, which owns a bit less than 1% of ANF's shares outstanding as of March 31, says the company has not been aggressive enough in efforts to turn itself around amid falling sales at most of its brands.
  • "A repurchase of almost 30% of Abercrombie's shares would be an important illustration of management's confidence in the turnaround and the attractiveness of the stock at current prices," SLS says.
  • Now read: Abercrombie & Fitch After The Drop - To Buy Or Not To Buy?

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