Prudential Financial Inc. Sells 32,950 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Prudential Financial Inc. cut its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 8.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 367,366 shares of the apparel retailer’s stock after selling 32,950 shares during the period. Prudential Financial Inc.’s holdings in Abercrombie & Fitch were worth $5,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Abercrombie & Fitch by 25.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,891,121 shares of the apparel retailer’s stock valued at $79,246,000 after purchasing an additional 594,811 shares during the last quarter. Investec Asset Management LTD grew its holdings in Abercrombie & Fitch by 377.6% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the apparel retailer’s stock worth $4,612,000 after acquiring an additional 512,724 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Abercrombie & Fitch by 6.7% during the 1st quarter. Federated Investors Inc. PA now owns 325,095 shares of the apparel retailer’s stock worth $8,911,000 after acquiring an additional 20,412 shares during the last quarter. Smith Graham & Co. Investment Advisors LP grew its holdings in Abercrombie & Fitch by 50.6% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 238,326 shares of the apparel retailer’s stock worth $3,823,000 after acquiring an additional 80,060 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Abercrombie & Fitch by 0.3% during the 1st quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock worth $5,441,000 after acquiring an additional 544 shares during the last quarter.

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, August 30th. Morgan Stanley reduced their target price on shares of Abercrombie & Fitch from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, September 3rd. TheStreet lowered shares of Abercrombie & Fitch from a “b-” rating to a “c+” rating in a report on Monday, June 17th. Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, Telsey Advisory Group reduced their target price on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Abercrombie & Fitch presently has a consensus rating of “Hold” and an average target price of $19.77.

Shares of NYSE ANF traded down $0.21 during midday trading on Thursday, reaching $16.95. The stock had a trading volume of 98,722 shares, compared to its average volume of 2,806,343. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. Abercrombie & Fitch Co. has a twelve month low of $13.58 and a twelve month high of $30.63. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.87 and a current ratio of 1.48. The company’s 50 day moving average price is $16.41 and its 200 day moving average price is $21.09.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.04. The firm had revenue of $841.08 million for the quarter, compared to the consensus estimate of $847.96 million. Abercrombie & Fitch had a net margin of 2.00% and a return on equity of 5.84%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. Equities analysts forecast that Abercrombie & Fitch Co. will post 0.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.72%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently 69.57%.

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: Recession

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

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