Investec Asset Management LTD cut its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 334,001 shares of the apparel retailer’s stock after selling 8,439 shares during the quarter. Investec Asset Management LTD’s holdings in Abercrombie & Fitch were worth $5,822,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Abercrombie & Fitch by 5.8% in the 4th quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock worth $154,577,000 after buying an additional 485,775 shares in the last quarter. State Street Corp boosted its position in shares of Abercrombie & Fitch by 1.7% in the 2nd quarter. State Street Corp now owns 3,353,884 shares of the apparel retailer’s stock worth $41,718,000 after buying an additional 56,484 shares in the last quarter. Paradice Investment Management LLC boosted its position in shares of Abercrombie & Fitch by 3.8% in the 4th quarter. Paradice Investment Management LLC now owns 2,634,631 shares of the apparel retailer’s stock worth $45,922,000 after buying an additional 95,970 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Abercrombie & Fitch by 0.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,216,206 shares of the apparel retailer’s stock worth $21,201,000 after buying an additional 5,146 shares in the last quarter. Finally, Contrarius Investment Management Ltd purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $15,040,000. Institutional investors and hedge funds own 99.46% of the company’s stock.

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Abercrombie & Fitch Co. (NYSE ANF) opened at $20.68 on Monday. Abercrombie & Fitch Co. has a one year low of $8.81 and a one year high of $23.53. The firm has a market cap of $1,408.34, a PE ratio of -73.85, a P/E/G ratio of 3.01 and a beta of 1.05. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio is currently -285.70%.

Several equities research analysts recently commented on ANF shares. Citigroup reiterated a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of Abercrombie & Fitch in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, November 21st. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $18.95 to $25.00 in a research report on Friday, January 19th. They noted that the move was a valuation call. TheStreet upgraded shares of Abercrombie & Fitch from a “d+” rating to a “c-” rating in a research report on Friday, November 24th. Finally, B. Riley set a $11.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Monday, November 20th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.67.

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About Abercrombie & Fitch

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.

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

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