Sterling Capital Management LLC Invests $969,000 in Abercrombie & Fitch Company (ANF) Stock

Sterling Capital Management LLC purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 67,088 shares of the apparel retailer’s stock, valued at approximately $969,000. Sterling Capital Management LLC owned approximately 0.10% of Abercrombie & Fitch at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its stake in Abercrombie & Fitch by 44.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 336,947 shares of the apparel retailer’s stock valued at $4,192,000 after purchasing an additional 104,009 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Abercrombie & Fitch by 16.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,211,060 shares of the apparel retailer’s stock valued at $17,489,000 after purchasing an additional 170,852 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at $18,038,000. Smith Graham & Co. Investment Advisors LP increased its stake in Abercrombie & Fitch by 18.8% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 332,292 shares of the apparel retailer’s stock valued at $4,798,000 after purchasing an additional 52,650 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Abercrombie & Fitch by 22.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 535,177 shares of the apparel retailer’s stock worth $6,658,000 after acquiring an additional 99,563 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Several analysts have recently issued reports on ANF shares. William Blair reiterated a “buy” rating on shares of Abercrombie & Fitch in a research note on Friday, August 25th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, November 21st. TheStreet upgraded shares of Abercrombie & Fitch from a “d+” rating to a “c-” rating in a research note on Friday, November 24th. Finally, Jefferies Group reiterated a “hold” rating and issued a $12.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, September 28th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.13.

Abercrombie & Fitch Company (ANF) opened at $17.77 on Wednesday. The firm has a market cap of $1,210.00, a PE ratio of 128.54, a P/E/G ratio of 11.10 and a beta of 0.96. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch Company has a 1 year low of $8.81 and a 1 year high of $18.44.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. equities analysts forecast that Abercrombie & Fitch Company will post 0.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, December 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 4.50%. Abercrombie & Fitch’s payout ratio is currently -275.86%.

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Abercrombie & Fitch Profile

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.

Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

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