Teachers Advisors LLC reduced its stake in shares of Abercrombie & Fitch (NYSE:ANF) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,361 shares of the apparel retailer’s stock after selling 5,666 shares during the quarter. Teachers Advisors LLC owned 0.18% of Abercrombie & Fitch worth $2,098,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Glassman Wealth Services acquired a new position in Abercrombie & Fitch during the 4th quarter valued at $122,000. LMR Partners LLP acquired a new position in Abercrombie & Fitch during the 4th quarter valued at $212,000. AXA acquired a new position in Abercrombie & Fitch during the 4th quarter valued at $241,000. Invictus RG acquired a new position in Abercrombie & Fitch during the 4th quarter valued at $257,000. Finally, MANA Advisors LLC acquired a new position in Abercrombie & Fitch during the 4th quarter valued at $378,000. Hedge funds and other institutional investors own 99.46% of the company’s stock.
ANF opened at $28.04 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 2.49. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $29.20. The stock has a market capitalization of $1,943.63, a PE ratio of 35.67, a PEG ratio of 2.99 and a beta of 0.89.
The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Thursday, March 8th. Abercrombie & Fitch’s payout ratio is 123.08%.
In other news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on ANF shares. Jefferies Group upped their target price on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, December 18th. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and upped their target price for the company from $18.95 to $25.00 in a research note on Friday, January 19th. They noted that the move was a valuation call. Telsey Advisory Group increased their price objective on shares of Abercrombie & Fitch from $17.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday, January 23rd. BMO Capital Markets set a $22.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird restated a “hold” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 23rd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.57.
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About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.
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