Rhumbline Advisers grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,067 shares of the apparel retailer’s stock after purchasing an additional 21,550 shares during the period. Rhumbline Advisers owned about 0.24% of Abercrombie & Fitch worth $2,877,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Glassman Wealth Services acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $122,000. Lorber David A acquired a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at about $126,000. LMR Partners LLP acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $212,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $385,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $408,000. Institutional investors own 99.46% of the company’s stock.
In other news, Director Arthur C. Martinez sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, beating the 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities research analysts forecast that Abercrombie & Fitch Co. will post 0.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.56%. Abercrombie & Fitch’s dividend payout ratio is 1,333.56%.
A number of equities analysts recently commented on ANF shares. Robert W. Baird set a $16.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Saturday, November 18th. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and increased their price objective for the stock from $18.95 to $25.00 in a report on Friday, January 19th. They noted that the move was a valuation call. Bank of America set a $9.00 price objective on Abercrombie & Fitch and gave the stock a “sell” rating in a report on Monday, November 20th. Zacks Investment Research downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, B. Riley set a $11.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Monday, November 20th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.57.
Abercrombie & Fitch Company Profile
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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