Russell Investments Group Ltd. reduced its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 19.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 72,417 shares of the apparel retailer’s stock after selling 17,423 shares during the quarter. Russell Investments Group Ltd.’s holdings in Abercrombie & Fitch were worth $1,530,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Abercrombie & Fitch by 2.4% in the first quarter. Principal Financial Group Inc. now owns 521,332 shares of the apparel retailer’s stock valued at $12,621,000 after buying an additional 12,367 shares during the period. TD Asset Management Inc. bought a new stake in Abercrombie & Fitch in the second quarter valued at approximately $1,234,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Abercrombie & Fitch in the second quarter valued at approximately $395,000. Wedge Capital Management L L P NC raised its stake in Abercrombie & Fitch by 17.8% in the second quarter. Wedge Capital Management L L P NC now owns 24,056 shares of the apparel retailer’s stock valued at $589,000 after buying an additional 3,639 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Abercrombie & Fitch by 4.2% in the second quarter. New York State Teachers Retirement System now owns 166,069 shares of the apparel retailer’s stock valued at $4,065,000 after buying an additional 6,706 shares during the period.
In other news, Director Kerrii B. Anderson bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were bought at an average price of $19.72 per share, with a total value of $39,440.00. Following the completion of the transaction, the director now owns 6,686 shares of the company’s stock, valued at $131,847.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.95% of the stock is currently owned by corporate insiders.
Abercrombie & Fitch stock opened at $19.32 on Friday. Abercrombie & Fitch Co. has a 12 month low of $15.28 and a 12 month high of $29.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 2.19. The company has a market capitalization of $1.26 billion, a PE ratio of 29.72, a PEG ratio of 1.65 and a beta of 0.52.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, November 29th. The apparel retailer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Abercrombie & Fitch had a return on equity of 7.23% and a net margin of 1.43%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $856.34 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts anticipate that Abercrombie & Fitch Co. will post 0.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, December 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, December 6th. Abercrombie & Fitch’s payout ratio is 123.08%.
Several analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, November 30th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Abercrombie & Fitch in a research note on Friday, November 30th. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Nomura set a $17.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, November 26th. Finally, Deutsche Bank upgraded Abercrombie & Fitch to a “sell” rating and set a $15.00 price objective on the stock in a research note on Monday, November 26th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.94.
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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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