Macquarie Group Ltd. trimmed its holdings in Abercrombie & Fitch (NYSE:ANF) by 49.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,800 shares of the apparel retailer’s stock after selling 21,100 shares during the quarter. Macquarie Group Ltd.’s holdings in Abercrombie & Fitch were worth $380,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Glassman Wealth Services bought a new stake in Abercrombie & Fitch in the 4th quarter worth about $122,000. Meadow Creek Investment Management LLC purchased a new position in Abercrombie & Fitch in the fourth quarter worth about $154,000. LMR Partners LLP purchased a new position in Abercrombie & Fitch in the fourth quarter worth about $212,000. AXA purchased a new position in Abercrombie & Fitch in the fourth quarter worth about $241,000. Finally, Invictus RG purchased a new position in Abercrombie & Fitch in the fourth quarter worth about $257,000. Institutional investors own 99.46% of the company’s stock.
In other news, Director Arthur C. Martinez sold 20,000 shares of Abercrombie & Fitch stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by insiders.
ANF stock opened at $28.64 on Friday. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $28.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 2.49. The stock has a market cap of $1,913.66, a PE ratio of 44.06, a P/E/G ratio of 2.95 and a beta of 0.90.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. equities analysts forecast that Abercrombie & Fitch will post 0.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.79%. Abercrombie & Fitch’s payout ratio is currently 123.08%.
ANF has been the topic of several research reports. Argus raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and raised their target price for the stock from $18.95 to $25.00 in a research report on Friday, January 19th. They noted that the move was a valuation call. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 target price (up from $24.00) on shares of Abercrombie & Fitch in a research report on Thursday, March 8th. ValuEngine raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research cut Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Royal Bank of Canada set a $27.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.57.
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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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