Commerzbank Aktiengesellschaft FI grew its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 24.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,963 shares of the apparel retailer’s stock after purchasing an additional 84,016 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.62% of Abercrombie & Fitch worth $6,079,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ANF. Southpoint Capital Advisors LP bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $18,038,000. Contrarius Investment Management Ltd bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $15,040,000. Victory Capital Management Inc. bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $10,138,000. Balyasny Asset Management LLC bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $10,120,000. Finally, Quinn Opportunity Partners LLC boosted its stake in shares of Abercrombie & Fitch by 71.9% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock worth $20,215,000 after acquiring an additional 679,745 shares during the period. 99.25% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. TheStreet upgraded Abercrombie & Fitch from a “d+” rating to a “c-” rating in a research note on Friday, November 24th. Zacks Investment Research downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada lifted their target price on Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 21st. Bank of America set a $9.00 target price on Abercrombie & Fitch and gave the stock a “sell” rating in a research note on Monday, November 20th. Finally, Wolfe Research lifted 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 research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Abercrombie & Fitch currently has an average rating of “Hold” and an average price target of $12.98.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results 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. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. equities analysts predict that Abercrombie & Fitch Company will post 0.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.61%. Abercrombie & Fitch’s payout ratio is -285.70%.
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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