Cambria Investment Management L.P. purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,772 shares of the apparel retailer’s stock, valued at approximately $358,000.
A number of other hedge funds and other institutional investors have also modified their holdings of ANF. Strs Ohio lifted its position in Abercrombie & Fitch by 911.3% during the 4th quarter. Strs Ohio now owns 53,600 shares of the apparel retailer’s stock valued at $934,000 after acquiring an additional 48,300 shares during the period. LMR Partners LLP purchased a new position in Abercrombie & Fitch during the 4th quarter valued at about $212,000. Paradice Investment Management LLC lifted its position in Abercrombie & Fitch by 3.8% during the 4th quarter. Paradice Investment Management LLC now owns 2,634,631 shares of the apparel retailer’s stock valued at $45,922,000 after acquiring an additional 95,970 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Abercrombie & Fitch during the 4th quarter valued at about $385,000. Finally, Engineers Gate Manager LP purchased a new position in Abercrombie & Fitch during the 4th quarter valued at about $839,000.
Shares of ANF stock opened at $25.59 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.54 and a quick ratio of 1.66. The company has a market capitalization of $1.79 billion, a PE ratio of 39.37, a P/E/G ratio of 2.63 and a beta of 0.85. Abercrombie & Fitch Co. has a 52 week low of $8.81 and a 52 week high of $29.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Investors of record on Friday, June 8th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, June 7th. This represents a $0.80 annualized dividend and a yield of 3.13%. Abercrombie & Fitch’s dividend payout ratio (DPR) is 123.08%.
ANF has been the subject of a number of recent research reports. ValuEngine cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Wedbush initiated coverage on shares of Abercrombie & Fitch in a report on Thursday, May 10th. They issued a “neutral” rating and a $25.00 target price for the company. TheStreet cut shares of Abercrombie & Fitch from a “b-” rating to a “c+” rating in a report on Tuesday, June 5th. B. Riley lifted their target price on shares of Abercrombie & Fitch from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $23.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, June 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.99.
In other Abercrombie & Fitch news, Director Kerrii B. Anderson bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The stock was bought at an average cost of $24.03 per share, for a total transaction of $48,060.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $60,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.95% of the company’s stock.
Abercrombie & Fitch Company Profile
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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