Panagora Asset Management Inc. boosted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 18,047.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,772 shares of the apparel retailer’s stock after acquiring an additional 216,572 shares during the quarter. Panagora Asset Management Inc. owned 0.33% of Abercrombie & Fitch worth $4,599,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $190,000. Kessler Investment Group LLC bought a new position in Abercrombie & Fitch in the 3rd quarter worth about $191,000. AMP Capital Investors Ltd bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $259,000. CSat Investment Advisory L.P. bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $264,000. Finally, USA Financial Portformulas Corp bought a new position in Abercrombie & Fitch in the 3rd quarter worth about $278,000.
Shares of Abercrombie & Fitch stock opened at $18.76 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 2.19. The stock has a market cap of $1.29 billion, a PE ratio of 15.97, a PEG ratio of 1.69 and a beta of 0.52. Abercrombie & Fitch Co. has a 12 month low of $15.28 and a 12 month high of $29.69.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Thursday, November 29th. The apparel retailer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $861.00 million for the quarter, compared to analyst estimates of $856.34 million. Abercrombie & Fitch had a return on equity of 7.23% and a net margin of 1.43%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. Research analysts forecast that Abercrombie & Fitch Co. will post 0.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, December 7th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 4.26%. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently 123.08%.
ANF has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 4th. Wedbush decreased their target price on Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, October 11th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $16.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, October 11th. William Blair lowered Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Finally, ValuEngine lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.94.
In other news, Director Kerrii B. Anderson acquired 2,000 shares of Abercrombie & Fitch stock in a transaction dated Tuesday, December 4th. The shares were purchased at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the transaction, the director now owns 6,686 shares of the company’s stock, valued at $131,847.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.
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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