Royal Bank of Canada Boosts Stake in Abercrombie & Fitch Amid Earnings Beat

Royal Bank of Canada increased its stake in Abercrombie & Fitch Company by 26.5% during the first quarter, according to a recent filing with the Securities & Exchange Commission.

The institutional investor now owns 51,857 shares of the apparel retailer's stock after buying an additional 10,854 shares during the period.

Royal Bank of Canada's holdings in Abercrombie & Fitch are valued at approximately $4,737,000, accounting for about 0.12% of the company's outstanding shares.

Abercrombie & Fitch reported earnings per share of $1.47 for the quarter, beating analysts' consensus estimates by $0.21.