Great West Life Assurance Co. Can boosted its stake in Abercrombie & Fitch Company (NYSE:ANF) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 610,739 shares of the apparel retailer’s stock after purchasing an additional 26,381 shares during the quarter. Great West Life Assurance Co. Can owned about 0.90% of Abercrombie & Fitch worth $8,786,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Systematic Financial Management LP raised its stake in Abercrombie & Fitch by 35.3% in the third quarter. Systematic Financial Management LP now owns 576,019 shares of the apparel retailer’s stock valued at $8,318,000 after purchasing an additional 150,317 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Abercrombie & Fitch during the third quarter worth about $776,000. Lesa Sroufe & Co raised its stake in Abercrombie & Fitch by 77.1% during the third quarter. Lesa Sroufe & Co now owns 369,324 shares of the apparel retailer’s stock worth $5,333,000 after acquiring an additional 160,781 shares in the last quarter. Contrarius Investment Management Ltd acquired a new position in Abercrombie & Fitch during the third quarter worth about $15,040,000. Finally, Macquarie Group Ltd. acquired a new position in Abercrombie & Fitch during the third quarter worth about $619,000. 99.31% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on ANF. BidaskClub raised Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. William Blair reissued a “buy” rating on shares of Abercrombie & Fitch in a research note on Friday, August 25th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a research note on Friday, August 25th. Finally, Wolfe Research boosted their target price on Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 20th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Abercrombie & Fitch presently has an average rating of “Hold” and an average target price of $12.98.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The company had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Abercrombie & Fitch Company will post 0.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.67%. The ex-dividend date is Thursday, November 30th. Abercrombie & Fitch’s payout ratio is presently -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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