Los Angeles Capital Management & Equity Research Inc. Buys New Stake in Abercrombie & Fitch Company (ANF)

Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Abercrombie & Fitch Company (NYSE:ANF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,265 shares of the apparel retailer’s stock, valued at approximately $1,260,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.13% of Abercrombie & Fitch as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its position in shares of Abercrombie & Fitch by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock valued at $345,000 after acquiring an additional 100 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Abercrombie & Fitch by 0.5% in the second quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock valued at $397,000 after acquiring an additional 160 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Abercrombie & Fitch by 0.6% in the second quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock valued at $442,000 after acquiring an additional 200 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Abercrombie & Fitch by 3.9% in the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after acquiring an additional 492 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Abercrombie & Fitch by 0.3% in the second quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock valued at $2,850,000 after acquiring an additional 591 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

ANF has been the topic of several recent analyst reports. B. Riley reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. William Blair reiterated an “outperform” rating on shares of Abercrombie & Fitch in a research report on Tuesday, September 5th. Citigroup Inc. upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. BMO Capital Markets set a $14.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Finally, Wolfe Research increased their target price on Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, November 20th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.98.

Shares of Abercrombie & Fitch Company (NYSE:ANF) opened at $16.73 on Monday. The company has a market capitalization of $1,139.10, a PE ratio of 128.69, a price-to-earnings-growth ratio of 11.12 and a beta of 0.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08. Abercrombie & Fitch Company has a 12 month low of $8.81 and a 12 month high of $17.19.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. sell-side analysts anticipate that Abercrombie & Fitch Company will post 0.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 4.78%. Abercrombie & Fitch’s dividend payout ratio is presently -285.70%.

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About Abercrombie & Fitch

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

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