Paradice Investment Management LLC increased its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,130,392 shares of the apparel retailer’s stock after buying an additional 304,012 shares during the period. Abercrombie & Fitch accounts for 2.1% of Paradice Investment Management LLC’s holdings, making the stock its 20th largest position. Paradice Investment Management LLC owned approximately 3.13% of Abercrombie & Fitch worth $26,502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Suntrust Banks Inc. raised its stake in Abercrombie & Fitch by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock worth $152,000 after buying an additional 931 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Abercrombie & Fitch by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,422,916 shares of the apparel retailer’s stock worth $16,976,000 after buying an additional 55,980 shares during the last quarter. First Trust Advisors LP raised its stake in Abercrombie & Fitch by 41.9% in the first quarter. First Trust Advisors LP now owns 333,105 shares of the apparel retailer’s stock worth $3,974,000 after buying an additional 98,317 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Abercrombie & Fitch during the first quarter worth approximately $3,519,000. Finally, ING Groep NV raised its stake in Abercrombie & Fitch by 29.6% in the first quarter. ING Groep NV now owns 177,600 shares of the apparel retailer’s stock worth $2,119,000 after buying an additional 40,600 shares during the last quarter. 98.62% of the stock is owned by institutional investors.

Shares of Abercrombie & Fitch Company (NYSE:ANF) opened at 12.61 on Tuesday. Abercrombie & Fitch Company has a 12-month low of $8.81 and a 12-month high of $23.29. The stock’s market capitalization is $858.64 million. The firm has a 50-day moving average of $9.80 and a 200 day moving average of $11.57.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The business had revenue of $779 million for the quarter, compared to analysts’ expectations of $758.57 million. During the same quarter last year, the company earned ($0.25) EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts forecast that Abercrombie & Fitch Company will post ($0.08) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 6.34%. Abercrombie & Fitch’s payout ratio is -258.06%.

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A number of analysts have commented on the company. BidaskClub raised Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a report on Saturday. Jefferies Group LLC set a $12.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Friday. William Blair reissued a “buy” rating on shares of Abercrombie & Fitch in a report on Friday. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 target price (down previously from $14.00) on shares of Abercrombie & Fitch in a report on Friday. Finally, Telsey Advisory Group lifted their target price on Abercrombie & Fitch from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Friday. Eleven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Abercrombie & Fitch has an average rating of “Hold” and a consensus target price of $13.27.

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.

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

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