Millennium Management LLC raised its stake in shares of Abercrombie & Fitch (NYSE:ANF) by 968.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,124,567 shares of the apparel retailer’s stock after buying an additional 1,019,343 shares during the period. Millennium Management LLC’s holdings in Abercrombie & Fitch were worth $19,601,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in Abercrombie & Fitch during the 3rd quarter valued at $619,000. Gagnon Securities LLC purchased a new stake in Abercrombie & Fitch during the 3rd quarter valued at $350,000. FrontFour Capital Group LLC purchased a new stake in Abercrombie & Fitch during the 3rd quarter valued at $7,816,000. Systematic Financial Management LP raised its stake in Abercrombie & Fitch by 11.4% during the 4th quarter. Systematic Financial Management LP now owns 641,853 shares of the apparel retailer’s stock valued at $11,187,000 after buying an additional 65,834 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new stake in Abercrombie & Fitch during the 4th quarter valued at $3,741,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
In other Abercrombie & Fitch news, Director Arthur C. Martinez sold 20,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total value of $474,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company’s stock.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.28. Abercrombie & Fitch had a return on equity of 4.86% and a net margin of 0.20%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business posted $0.71 EPS. Abercrombie & Fitch’s revenue for the quarter was up 15.2% compared to the same quarter last year. analysts expect that Abercrombie & Fitch will post 0.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. Abercrombie & Fitch’s payout ratio is presently 123.08%.
A number of brokerages have weighed in on ANF. ValuEngine upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research lowered shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Jefferies Group set a $24.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. Royal Bank of Canada set a $27.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. Finally, Robert W. Baird set a $27.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.57.
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Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.
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