3.7% Stake of Abercrombie & Fitch Co. (ANF) Held by Arrowstreet Capital, Limited Partnership

Arrowstreet Capital, Limited Partnership

recently stated that they own 3.7% of Abercrombie & Fitch Co. (NYSE:ANF) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Monday, March 20th. The investor owns 2,491,155 shares of the stock worth $29,071,779. The reporting parties listed on the disclosure included Arrowstreet Capital, Limited Partnership (043472863) and Arrowstreet Capital Holding Company LLC (464498383). The disclosure is available through Edgar at this link.

Arrowstreet Capital, Limited Partnership

provided the following explanation of their ownership:

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Other institutional investors have also recently added to or reduced their stakes in the company. Credit Agricole S A purchased a new position in Abercrombie & Fitch Co. during the fourth quarter valued at about $120,000. Suntrust Banks Inc. purchased a new position in Abercrombie & Fitch Co. during the third quarter valued at about $172,000. Frontier Wealth Management LLC purchased a new position in Abercrombie & Fitch Co. during the fourth quarter valued at about $180,000. Raymond James Financial Services Advisors Inc. purchased a new position in Abercrombie & Fitch Co. during the fourth quarter valued at about $204,000. Finally, Legacy Private Trust Co. purchased a new position in Abercrombie & Fitch Co. during the third quarter valued at about $207,000.

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

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 2.75% on Monday, reaching $11.67. 4,382,651 shares of the company were exchanged. The stock has a 50 day moving average of $11.94 and a 200-day moving average of $14.12. Abercrombie & Fitch Co. has a 52-week low of $10.91 and a 52-week high of $32.51. The company has a market capitalization of $790.74 million, a P/E ratio of 201.21 and a beta of 1.25.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings results on Thursday, March 2nd. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by $0.04. Abercrombie & Fitch Co. had a return on equity of 1.50% and a net margin of 0.38%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue was down 6.9% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch Co. will post ($0.07) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Friday, March 3rd were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.86%. Abercrombie & Fitch Co.’s dividend payout ratio (DPR) is 421.05%.

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Several equities research analysts have weighed in on the company. Jefferies Group LLC downgraded Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and cut their price target for the stock from $24.00 to $13.00 in a research report on Tuesday, January 3rd. Vetr raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating and set a $13.52 price target on the stock in a research report on Wednesday, December 21st. FBR & Co reaffirmed an “underperform” rating on shares of Abercrombie & Fitch Co. in a research report on Monday, November 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Abercrombie & Fitch Co. in a research report on Tuesday, November 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Abercrombie & Fitch Co. in a research report on Wednesday, February 1st. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.16.

About Abercrombie & Fitch Co.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

5 Day Chart for NYSE:ANF

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