Dimensional Fund Advisors LP Decreases Holdings in Abercrombie & Fitch Co. (ANF)
Dimensional Fund Advisors LP lessened its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 12.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,029,209 shares of the apparel retailer’s stock after selling 699,846 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.39% of Abercrombie & Fitch worth $72,622,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Abercrombie & Fitch during the second quarter worth $114,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Abercrombie & Fitch during the third quarter worth $133,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Abercrombie & Fitch during the second quarter worth $208,000. Suntrust Banks Inc. grew its stake in shares of Abercrombie & Fitch by 3.9% during the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after buying an additional 492 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Abercrombie & Fitch during the second quarter worth $170,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on ANF. Bank of America set a $9.00 price target on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a report on Monday, November 20th. Royal Bank of Canada lifted their price target on shares of Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, November 21st. Jefferies Group lifted their price target on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a “hold” rating in a report on Monday, December 18th. Finally, TheStreet upgraded shares of Abercrombie & Fitch from a “d+” rating to a “c-” rating in a report on Friday, November 24th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.13.
Abercrombie & Fitch Co. (NYSE:ANF) opened at $19.03 on Wednesday. The stock has a market cap of $1,238.77, a price-to-earnings ratio of -67.96, a P/E/G ratio of 12.09 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch Co. has a fifty-two week low of $8.81 and a fifty-two week high of $19.11.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. Abercrombie & Fitch’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. equities analysts expect that Abercrombie & Fitch Co. will post 0.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, December 1st were issued a $0.20 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 4.20%. Abercrombie & Fitch’s payout ratio is -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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