Sentinel Trust Co. LBA lowered its stake in shares of Abercrombie & Fitch (NYSE:ANF) by 86.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,090 shares of the apparel retailer’s stock after selling 115,000 shares during the period. Sentinel Trust Co. LBA’s holdings in Abercrombie & Fitch were worth $315,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in ANF. The Manufacturers Life Insurance Company raised its stake in shares of Abercrombie & Fitch by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,235 shares of the apparel retailer’s stock worth $675,000 after purchasing an additional 596 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $486,000. New York State Common Retirement Fund raised its stake in shares of Abercrombie & Fitch by 141.1% during the 3rd quarter. New York State Common Retirement Fund now owns 169,700 shares of the apparel retailer’s stock worth $2,450,000 after purchasing an additional 99,300 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Abercrombie & Fitch by 22.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 52,930 shares of the apparel retailer’s stock worth $764,000 after purchasing an additional 9,550 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $1,260,000. Institutional investors own 99.46% of the company’s stock.
A number of equities research analysts have recently issued reports on ANF shares. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.95 to $25.00 in a research note on Friday, January 19th. They noted that the move was a valuation call. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 price target (up previously from $24.00) on shares of Abercrombie & Fitch in a research note on Thursday, March 8th. Zacks Investment Research cut Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Royal Bank of Canada set a $27.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. Finally, BMO Capital Markets set a $23.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.57.
In other news, Director Arthur C. Martinez sold 20,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total transaction of $474,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.64% of the company’s stock.
NYSE ANF traded up $0.68 on Friday, reaching $27.35. The stock had a trading volume of 4,715,248 shares, compared to its average volume of 2,639,395. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.66. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $27.54. The firm has a market cap of $1,816.27, a price-to-earnings ratio of 42.08, a P/E/G ratio of 2.80 and a beta of 0.90.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.28. Abercrombie & Fitch had a return on equity of 4.86% and a net margin of 0.20%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. equities analysts anticipate that Abercrombie & Fitch will post 0.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio is 123.08%.
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Abercrombie & Fitch Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.
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