WBI Investments Inc. purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the second quarter, HoldingsChannel reports. The institutional investor purchased 81,421 shares of the apparel retailer’s stock, valued at approximately $1,993,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Abercrombie & Fitch by 4.3% in the first quarter. BlackRock Inc. now owns 9,246,433 shares of the apparel retailer’s stock valued at $223,856,000 after purchasing an additional 377,954 shares in the last quarter. Paradice Investment Management LLC boosted its holdings in Abercrombie & Fitch by 3.2% in the first quarter. Paradice Investment Management LLC now owns 2,718,069 shares of the apparel retailer’s stock valued at $65,777,000 after purchasing an additional 83,438 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Abercrombie & Fitch by 1.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,228,734 shares of the apparel retailer’s stock valued at $29,749,000 after purchasing an additional 12,528 shares in the last quarter. Copper Rock Capital Partners LLC acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $19,833,000. Finally, Systematic Financial Management LP boosted its holdings in Abercrombie & Fitch by 15.1% in the second quarter. Systematic Financial Management LP now owns 734,808 shares of the apparel retailer’s stock valued at $17,988,000 after purchasing an additional 96,346 shares in the last quarter.

Shares of NYSE ANF opened at $27.34 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.54 and a quick ratio of 1.67. Abercrombie & Fitch Co. has a 1-year low of $11.34 and a 1-year high of $29.69. The firm has a market cap of $1.92 billion, a P/E ratio of 42.06, a P/E/G ratio of 2.80 and a beta of 0.72.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Friday, June 1st. The apparel retailer reported ($0.56) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.77) by $0.21. Abercrombie & Fitch had a return on equity of 5.72% and a net margin of 0.74%. The firm had revenue of $730.90 million during the quarter, compared to the consensus estimate of $695.68 million. During the same period last year, the company earned ($0.91) earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. sell-side analysts predict that Abercrombie & Fitch Co. will post 0.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, September 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. Abercrombie & Fitch’s dividend payout ratio is presently 123.08%.

In related news, insider Stacia J.P. Andersen sold 28,000 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $27.55, for a total transaction of $771,400.00. Following the completion of the sale, the insider now directly owns 18,251 shares of the company’s stock, valued at $502,815.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kerrii B. Anderson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were bought at an average cost of $24.03 per share, with a total value of $48,060.00. Following the completion of the acquisition, the director now owns 2,500 shares of the company’s stock, valued at $60,075. The disclosure for this purchase can be found here. 0.95% of the stock is owned by company insiders.

ANF has been the subject of several research analyst reports. TheStreet raised Abercrombie & Fitch from a “c” rating to a “b-” rating in a report on Thursday, May 17th. ValuEngine downgraded Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, July 31st. Wedbush initiated coverage on Abercrombie & Fitch in a report on Thursday, May 10th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Abercrombie & Fitch from $23.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, June 4th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.01.

About Abercrombie & Fitch

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

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

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