ING Groep NV lessened its stake in Abercrombie & Fitch Company (NYSE:ANF) by 36.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,050 shares of the apparel retailer’s stock after selling 54,450 shares during the quarter. ING Groep NV owned approximately 0.14% of Abercrombie & Fitch worth $1,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth $114,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Abercrombie & Fitch during the 3rd quarter worth $133,000. Suntrust Banks Inc. boosted its stake in Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after purchasing an additional 492 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Abercrombie & Fitch by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock worth $167,000 after purchasing an additional 5,957 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth $170,000. 98.66% of the stock is owned by institutional investors.

Abercrombie & Fitch Company (ANF) opened at $16.73 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1,139.10, a PE ratio of 128.69, a PEG ratio of 11.12 and a beta of 0.76. Abercrombie & Fitch Company has a 1 year low of $8.81 and a 1 year high of $17.19.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm had revenue of $859.10 million for the quarter, compared to analysts’ expectations of $818.41 million. During the same quarter in the previous year, the company posted $0.02 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Abercrombie & Fitch Company will post 0.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.78%. Abercrombie & Fitch’s payout ratio is currently -285.70%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada lifted their target price on shares of Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 21st. Bank of America Corporation set a $9.00 target price on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a research note on Monday, November 20th. Wolfe Research lifted their target price on shares of Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 20th. Finally, Telsey Advisory Group lifted their target price on shares of Abercrombie & Fitch from $12.00 to $17.00 and gave the stock a “market perform” rating in a research note on Monday, November 20th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.98.

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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.

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

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