QS Investors LLC decreased its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,182 shares of the apparel retailer’s stock after selling 10,836 shares during the quarter. QS Investors LLC owned about 0.52% of Abercrombie & Fitch worth $6,156,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in Abercrombie & Fitch during the third quarter valued at $619,000. Gagnon Securities LLC purchased a new position in Abercrombie & Fitch during the third quarter valued at $350,000. FrontFour Capital Group LLC purchased a new position in Abercrombie & Fitch during the third quarter valued at $7,816,000. Systematic Financial Management LP raised its stake in Abercrombie & Fitch by 11.4% during the fourth quarter. Systematic Financial Management LP now owns 641,853 shares of the apparel retailer’s stock valued at $11,187,000 after buying an additional 65,834 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Abercrombie & Fitch during the third quarter valued at $528,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at $22.15 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch Co. has a fifty-two week low of $8.81 and a fifty-two week high of $24.52. The company has a market capitalization of $1,490.07, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.40 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, March 8th. Abercrombie & Fitch’s payout ratio is currently 1,333.56%.
In related news, Director Arthur C. Martinez sold 20,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total value of $474,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.
A number of research analysts have issued reports on ANF shares. Jefferies Group set a $14.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Friday, November 17th. Standpoint Research cut Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research note on Friday, November 17th. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. BMO Capital Markets boosted their price target on Abercrombie & Fitch from $12.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, November 17th. Finally, Robert W. Baird set a $16.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Saturday, November 18th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.72.
ILLEGAL ACTIVITY NOTICE: “QS Investors LLC Sells 10,836 Shares of Abercrombie & Fitch Co. (ANF)” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/03/14/qs-investors-llc-sells-10836-shares-of-abercrombie-fitch-co-anf.html.
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.
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.