State Board of Administration of Florida Retirement System Sells 3,910 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

State Board of Administration of Florida Retirement System reduced its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 9.5% during the second quarter, Holdings Channel reports. The fund owned 37,125 shares of the apparel retailer’s stock after selling 3,910 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Abercrombie & Fitch were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ANF. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Abercrombie & Fitch during the first quarter worth $518,000. Rhumbline Advisers grew its position in Abercrombie & Fitch by 0.3% in the first quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock valued at $5,441,000 after purchasing an additional 544 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Abercrombie & Fitch by 7.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,294,182 shares of the apparel retailer’s stock valued at $35,474,000 after purchasing an additional 91,864 shares in the last quarter. Comerica Bank grew its position in Abercrombie & Fitch by 1.4% in the first quarter. Comerica Bank now owns 66,970 shares of the apparel retailer’s stock valued at $1,707,000 after purchasing an additional 924 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in Abercrombie & Fitch by 3.8% in the first quarter. Texas Permanent School Fund now owns 44,706 shares of the apparel retailer’s stock valued at $1,225,000 after purchasing an additional 1,619 shares in the last quarter.

ANF stock traded up $0.28 during trading hours on Thursday, reaching $14.99. The stock had a trading volume of 57,296 shares, compared to its average volume of 3,443,660. The stock has a market capitalization of $909.12 million, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.18 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.04. The stock has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $21.27. Abercrombie & Fitch Co. has a fifty-two week low of $13.58 and a fifty-two week high of $30.63.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.04. The firm had revenue of $841.08 million during the quarter, compared to analysts’ expectations of $847.96 million. Abercrombie & Fitch had a net margin of 2.00% and a return on equity of 5.84%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. On average, sell-side analysts forecast that Abercrombie & Fitch Co. will post 0.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Thursday, September 5th. Abercrombie & Fitch’s dividend payout ratio is currently 69.57%.

A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Citigroup set a $29.00 target price on shares of Abercrombie & Fitch and gave the company a “buy” rating in a research report on Friday, August 30th. B. Riley set a $15.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Friday, August 30th. Deutsche Bank raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating and decreased their target price for the company from $15.00 to $14.00 in a research report on Friday, August 30th. Finally, Wedbush set a $16.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.77.

Abercrombie & Fitch Company 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: How Does the Quiet Period Work?

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

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