State Board of Administration of Florida Retirement System Trims Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

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State Board of Administration of Florida Retirement System reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,125 shares of the apparel retailer’s stock after selling 3,910 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Abercrombie & Fitch worth $595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Optimum Investment Advisors acquired a new position in shares of Abercrombie & Fitch during the first quarter worth about $27,000. Advisory Services Network LLC acquired a new position in shares of Abercrombie & Fitch during the second quarter worth about $85,000. Meeder Asset Management Inc. grew its position in shares of Abercrombie & Fitch by 2,008.5% during the second quarter. Meeder Asset Management Inc. now owns 5,714 shares of the apparel retailer’s stock worth $91,000 after buying an additional 5,443 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Abercrombie & Fitch during the first quarter worth about $171,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Abercrombie & Fitch during the first quarter worth about $216,000.

NYSE ANF traded up $0.28 on Thursday, reaching $14.99. The stock had a trading volume of 57,296 shares, compared to its average volume of 3,443,660. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.04 and a current ratio of 1.48. Abercrombie & Fitch Co. has a 12-month low of $13.58 and a 12-month high of $30.63. The business’s 50-day moving average price is $16.82 and its 200 day moving average price is $21.27. The stock has a market cap of $909.12 million, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.18 and a beta of 0.95.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.04. Abercrombie & Fitch had a return on equity of 5.84% and a net margin of 2.00%. The company had revenue of $841.08 million during the quarter, compared to analysts’ expectations of $847.96 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts predict that Abercrombie & Fitch Co. will post 0.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Thursday, September 5th. Abercrombie & Fitch’s dividend payout ratio is currently 69.57%.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, May 21st. B. Riley set a $15.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a report on Friday, August 30th. Wedbush set a $16.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a report on Friday, August 30th. Wolfe Research raised Abercrombie & Fitch from an “underperform” rating to a “peer perform” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.77.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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

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