Voloridge Investment Management LLC purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 175,865 shares of the apparel retailer’s stock, valued at approximately $2,743,000.

A number of other large investors also recently modified their holdings of ANF. Advisory Services Network LLC bought a new position in Abercrombie & Fitch during the 2nd quarter worth $85,000. Meeder Asset Management Inc. raised its stake in Abercrombie & Fitch by 2,008.5% in the second quarter. Meeder Asset Management Inc. now owns 5,714 shares of the apparel retailer’s stock valued at $91,000 after purchasing an additional 5,443 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Abercrombie & Fitch during the third quarter worth about $118,000. FrontFour Capital Group LLC bought a new stake in Abercrombie & Fitch during the second quarter worth about $154,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Abercrombie & Fitch during the second quarter worth about $251,000.

Shares of NYSE ANF opened at $16.43 on Tuesday. The company has a market capitalization of $1.00 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. Abercrombie & Fitch Co. has a 52-week low of $13.58 and a 52-week high of $30.63. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 1.41. The company’s 50 day moving average price is $16.72 and its 200-day moving average price is $17.07.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $863.50 million for the quarter, compared to the consensus estimate of $870.82 million. Abercrombie & Fitch had a return on equity of 5.30% and a net margin of 1.52%. Abercrombie & Fitch’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Analysts forecast that Abercrombie & Fitch Co. will post 0.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 4.87%. Abercrombie & Fitch’s payout ratio is currently 69.57%.

Several equities analysts have commented on the stock. Telsey Advisory Group dropped their target price on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Morgan Stanley cut their price target on shares of Abercrombie & Fitch from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Tuesday, September 3rd. B. Riley reiterated a “hold” rating and set a $15.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, November 27th. Wedbush set a $16.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, Citigroup set a $29.00 price objective on shares of Abercrombie & Fitch and gave the company a “buy” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.85.

Abercrombie & Fitch Profile

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

Further Reading: What is an Initial Public Offering (IPO)?

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

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