Abercrombie & Fitch Co. (ANF) Shares Sold by OppenheimerFunds Inc.
OppenheimerFunds Inc. decreased its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,556 shares of the apparel retailer’s stock after selling 7,895 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.12% of Abercrombie & Fitch worth $2,070,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CMT Capital Markets Trading GmbH lifted its stake in shares of Abercrombie & Fitch by 113.1% in the first quarter. CMT Capital Markets Trading GmbH now owns 9,200 shares of the apparel retailer’s stock worth $223,000 after buying an additional 79,200 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Abercrombie & Fitch in the first quarter worth about $228,000. Amalgamated Bank purchased a new position in Abercrombie & Fitch during the first quarter worth about $235,000. Element Capital Management LLC purchased a new position in Abercrombie & Fitch during the first quarter worth about $327,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Abercrombie & Fitch during the second quarter worth about $351,000.
A number of equities research analysts have weighed in on ANF shares. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $23.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, June 4th. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, July 31st. William Blair lowered shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, September 4th. Finally, ValuEngine lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $21.88.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.10. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The business had revenue of $842.41 million for the quarter, compared to analyst estimates of $845.11 million. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts predict that Abercrombie & Fitch Co. will post 0.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, September 7th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.80 annualized dividend and a dividend yield of 3.92%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently 123.08%.
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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