American Century Companies Inc. Trims Stake in Abercrombie & Fitch Co. (ANF)

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American Century Companies Inc. reduced its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,394 shares of the apparel retailer’s stock after selling 12,149 shares during the period. American Century Companies Inc. owned about 0.22% of Abercrombie & Fitch worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ANF. Oregon Public Employees Retirement Fund bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $25,000. Quantamental Technologies LLC bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $72,000. PNC Financial Services Group Inc. boosted its holdings in Abercrombie & Fitch by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,197 shares of the apparel retailer’s stock valued at $204,000 after acquiring an additional 763 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Abercrombie & Fitch by 44.3% in the fourth quarter. SG Americas Securities LLC now owns 11,385 shares of the apparel retailer’s stock valued at $228,000 after acquiring an additional 3,496 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $230,000.

Shares of NYSE:ANF opened at $26.90 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.61 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch Co. has a twelve month low of $15.28 and a twelve month high of $29.69. The company has a market cap of $1.78 billion, a PE ratio of 23.39, a PEG ratio of 1.21 and a beta of 0.60.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.20. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. Abercrombie & Fitch’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts predict that Abercrombie & Fitch Co. will post 1.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, March 7th. Abercrombie & Fitch’s payout ratio is 69.57%.

In other news, Director Nigel Travis bought 2,917 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $25.70 per share, with a total value of $74,966.90. Following the completion of the transaction, the director now directly owns 2,917 shares of the company’s stock, valued at $74,966.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.95% of the stock is owned by corporate insiders.

Several analysts recently commented on the company. Wedbush upped their target price on Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. Royal Bank of Canada increased their price target on Abercrombie & Fitch to $27.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Thursday, March 7th. Argus increased their price target on Abercrombie & Fitch to $28.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Wolfe Research restated an “underperform” rating and set a $18.00 price target (down from $20.00) on shares of Abercrombie & Fitch in a report on Tuesday, January 15th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.36.

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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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