Comerica Bank lessened its position in Abercrombie & Fitch Co. (NYSE:ANF) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,634 shares of the apparel retailer’s stock after selling 7,034 shares during the period. Comerica Bank owned approximately 0.10% of Abercrombie & Fitch worth $1,181,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in Abercrombie & Fitch during the 2nd quarter valued at about $190,000. Kessler Investment Group LLC acquired a new position in Abercrombie & Fitch during the 3rd quarter valued at about $191,000. AMP Capital Investors Ltd acquired a new position in Abercrombie & Fitch during the 2nd quarter valued at about $259,000. CSat Investment Advisory L.P. acquired a new position in Abercrombie & Fitch during the 2nd quarter valued at about $264,000. Finally, USA Financial Portformulas Corp acquired a new position in Abercrombie & Fitch during the 3rd quarter valued at about $278,000.
In other news, Director Kerrii B. Anderson bought 2,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was bought at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the completion of the acquisition, the director now directly owns 6,686 shares in the company, valued at approximately $131,847.92. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.95% of the company’s stock.
Several equities analysts have commented on ANF shares. Nomura set a $17.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, November 26th. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Zacks Investment Research cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Abercrombie & Fitch in a research note on Friday, November 30th. Finally, William Blair cut shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.94.
Shares of ANF opened at $18.76 on Friday. The company has a market capitalization of $1.26 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.65 and a beta of 0.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 2.19. 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 earnings results on Thursday, November 29th. The apparel retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Abercrombie & Fitch had a net margin of 1.43% and a return on equity of 7.23%. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $856.34 million. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 0.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, December 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, December 6th. Abercrombie & Fitch’s payout ratio is 123.08%.
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About Abercrombie & Fitch
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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