Bank of New York Mellon Corp cut its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,391,259 shares of the apparel retailer’s stock after selling 10,727 shares during the quarter. Bank of New York Mellon Corp owned 2.04% of Abercrombie & Fitch worth $20,091,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 119,411 shares of the apparel retailer’s stock valued at $1,425,000 after buying an additional 2,110 shares during the period. Renaissance Technologies LLC bought a new position in shares of Abercrombie & Fitch during the 1st quarter valued at $431,000. Aperio Group LLC lifted its holdings in shares of Abercrombie & Fitch by 11.8% during the 2nd quarter. Aperio Group LLC now owns 59,865 shares of the apparel retailer’s stock valued at $745,000 after buying an additional 6,307 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Abercrombie & Fitch by 27.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 43,380 shares of the apparel retailer’s stock valued at $540,000 after buying an additional 9,460 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in shares of Abercrombie & Fitch by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 49,644 shares of the apparel retailer’s stock valued at $618,000 after buying an additional 646 shares during the period. 99.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Abercrombie & Fitch Company (ANF) opened at $16.71 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1,137.98, a price-to-earnings ratio of 128.54, a PEG ratio of 11.10 and a beta of 0.96. Abercrombie & Fitch Company has a 12 month low of $8.81 and a 12 month high of $18.44.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. During the same period in the prior year, the business posted $0.02 EPS. Abercrombie & Fitch’s revenue was up 4.6% on a year-over-year basis. research analysts anticipate that Abercrombie & Fitch Company will post 0.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, December 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.79%. Abercrombie & Fitch’s payout ratio is presently -285.70%.
Several equities analysts have recently weighed in on ANF shares. Robert W. Baird set a $13.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a report on Thursday, August 24th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a report on Friday, August 25th. Telsey Advisory Group increased their price target on Abercrombie & Fitch from $11.00 to $12.00 and gave the company a “market perform” rating in a report on Friday, August 25th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price target (down from $14.00) on shares of Abercrombie & Fitch in a report on Friday, August 25th. Finally, William Blair reissued a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.98.
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Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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