Natixis decreased its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 49.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,302 shares of the apparel retailer’s stock after selling 10,178 shares during the quarter. Natixis’ holdings in Abercrombie & Fitch were worth $252,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. CMT Capital Markets Trading GmbH boosted its holdings in shares of Abercrombie & Fitch by 113.1% during the first quarter. CMT Capital Markets Trading GmbH now owns 9,200 shares of the apparel retailer’s stock worth $223,000 after purchasing an additional 79,200 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $228,000. Amalgamated Bank acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $235,000. AMP Capital Investors Ltd acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth $259,000. Finally, CSat Investment Advisory L.P. acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth $264,000.
Several equities research analysts have recently issued reports on ANF shares. ValuEngine cut Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch to $19.00 and gave the stock an “underweight” rating in a report on Friday, August 31st. TheStreet cut Abercrombie & Fitch from a “b-” rating to a “c+” rating in a report on Tuesday, June 5th. Zacks Investment Research cut Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, William Blair cut Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.88.
Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.10. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The firm had revenue of $842.41 million for the quarter, compared to analysts’ expectations of $845.11 million. During the same quarter last year, the firm earned ($0.16) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts predict that Abercrombie & Fitch Co. will post 0.76 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, September 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Thursday, September 6th. Abercrombie & Fitch’s payout ratio is currently 123.08%.
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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