OppenheimerFunds Inc. trimmed its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 18.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 130,458 shares of the apparel retailer’s stock after selling 30,104 shares during the period. OppenheimerFunds Inc.’s holdings in Abercrombie & Fitch were worth $2,274,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Abercrombie & Fitch by 5.8% during the 4th quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock worth $154,577,000 after purchasing an additional 485,775 shares in the last quarter. Paradice Investment Management LLC increased its stake in shares of Abercrombie & Fitch by 3.8% during the 4th quarter. Paradice Investment Management LLC now owns 2,634,631 shares of the apparel retailer’s stock worth $45,922,000 after purchasing an additional 95,970 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Abercrombie & Fitch by 0.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,216,206 shares of the apparel retailer’s stock worth $21,201,000 after purchasing an additional 5,146 shares in the last quarter. Contrarius Investment Management Ltd purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $15,040,000. Finally, California Public Employees Retirement System increased its stake in shares of Abercrombie & Fitch by 8.4% during the 4th quarter. California Public Employees Retirement System now owns 660,045 shares of the apparel retailer’s stock worth $11,505,000 after purchasing an additional 50,874 shares in the last quarter. Institutional investors own 99.46% of the company’s stock.
In other Abercrombie & Fitch news, Director Arthur C. Martinez sold 20,000 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at $22.30 on Monday. The company has a market cap of $1,518.67, a P/E ratio of 371.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. The company has a quick ratio of 1.66, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch Co. has a 12 month low of $8.81 and a 12 month high of $24.52.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.28. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. Abercrombie & Fitch’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. equities analysts anticipate that Abercrombie & Fitch Co. will post 0.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.80 annualized dividend and a yield of 3.59%. Abercrombie & Fitch’s payout ratio is currently 1,333.56%.
COPYRIGHT VIOLATION NOTICE: “OppenheimerFunds Inc. Trims Stake in Abercrombie & Fitch Co. (ANF)” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3257205/oppenheimerfunds-inc-trims-stake-in-abercrombie-fitch-co-anf.html.
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.
Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Co. (NYSE:ANF).
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.