CIBC World Markets Inc. Buys New Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

CIBC World Markets Inc. bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 1st quarter, Holdings Channel reports. The firm bought 7,873 shares of the apparel retailer’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in shares of Abercrombie & Fitch by 238.3% in the first quarter. Advisor Group Inc. now owns 3,430 shares of the apparel retailer’s stock valued at $94,000 after acquiring an additional 2,416 shares in the last quarter. Royce & Associates LP bought a new position in shares of Abercrombie & Fitch in the first quarter valued at approximately $565,000. Lingohr & Partner Asset Management GmbH bought a new position in shares of Abercrombie & Fitch in the first quarter valued at approximately $745,000. Piedmont Investment Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 6.4% in the first quarter. Piedmont Investment Advisors Inc. now owns 16,693 shares of the apparel retailer’s stock valued at $458,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 20.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 40,007 shares of the apparel retailer’s stock valued at $1,097,000 after acquiring an additional 6,756 shares in the last quarter.

Several research firms recently commented on ANF. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, May 21st. B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, June 5th. ValuEngine downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America dropped their price objective on Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating on the stock in a research note on Thursday, May 30th. Finally, Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Abercrombie & Fitch presently has an average rating of “Hold” and a consensus price target of $22.17.

Abercrombie & Fitch stock opened at $15.23 on Thursday. The company has a market capitalization of $1.03 billion, a P/E ratio of 10.70, a PEG ratio of 1.20 and a beta of 1.03. Abercrombie & Fitch Co. has a 12 month low of $15.07 and a 12 month high of $30.63. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 1.32.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.14. The firm had revenue of $733.97 million for the quarter, compared to the consensus estimate of $730.79 million. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.56) earnings per share. On average, analysts predict that Abercrombie & Fitch Co. will post 0.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.80 annualized dividend and a dividend yield of 5.25%. Abercrombie & Fitch’s dividend payout ratio is currently 69.57%.

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About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

Further Reading: Support Level

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Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

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