HBK Investments L P acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,300 shares of the apparel retailer’s stock, valued at approximately $668,000. HBK Investments L P owned 0.06% of Abercrombie & Fitch as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Glassman Wealth Services bought a new position in Abercrombie & Fitch in the fourth quarter valued at $122,000. Lorber David A bought a new position in Abercrombie & Fitch in the third quarter valued at $126,000. LMR Partners LLP bought a new position in Abercrombie & Fitch in the fourth quarter valued at $212,000. AXA bought a new position in Abercrombie & Fitch in the fourth quarter valued at $241,000. Finally, Invictus RG bought a new position in Abercrombie & Fitch in the fourth quarter valued at $257,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
A number of research analysts recently weighed in on the stock. Jefferies Group set a $24.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Wednesday, March 7th. Bank of America raised their target price on shares of Abercrombie & Fitch from $9.00 to $16.00 and gave the company a “sell” rating in a research report on Wednesday, January 24th. BMO Capital Markets set a $22.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Nomura reaffirmed a “neutral” rating and issued a $19.00 target price (up previously from $17.00) on shares of Abercrombie & Fitch in a research report on Tuesday, March 13th. Finally, Argus reaffirmed a “buy” rating and issued a $22.15 target price (down previously from $25.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 14th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.57.
Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, topping the consensus estimate of $1.10 by $0.28. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate 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 was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. sell-side analysts expect that Abercrombie & Fitch Co. will post 0.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, March 8th. Abercrombie & Fitch’s payout ratio is 1,333.56%.
In related news, Director Arthur C. Martinez sold 20,000 shares of Abercrombie & Fitch stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $474,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.
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Abercrombie & Fitch Company 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.
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