Bayesian Capital Management LP Cuts Position in Abercrombie & Fitch Company (ANF)
Bayesian Capital Management LP trimmed its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 57.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,100 shares of the apparel retailer’s stock after selling 21,900 shares during the quarter. Bayesian Capital Management LP’s holdings in Abercrombie & Fitch were worth $200,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock worth $99,898,000 after purchasing an additional 8,354,665 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Abercrombie & Fitch in the second quarter worth $10,138,000. Quinn Opportunity Partners LLC grew its holdings in Abercrombie & Fitch by 71.9% in the second quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock worth $20,215,000 after purchasing an additional 679,745 shares during the last quarter. Vanguard Group Inc. grew its holdings in Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock worth $82,650,000 after purchasing an additional 567,021 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Abercrombie & Fitch by 507.5% in the second quarter. Great West Life Assurance Co. Can now owns 584,358 shares of the apparel retailer’s stock worth $7,277,000 after purchasing an additional 488,167 shares during the last quarter. 98.47% of the stock is currently owned by institutional investors.
Several research firms have issued reports on ANF. Deutsche Bank AG cut their price target on shares of Abercrombie & Fitch to $9.00 and set a “sell” rating on the stock in a report on Monday, July 10th. TheStreet lowered shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a report on Thursday, June 15th. BidaskClub raised shares of Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. William Blair reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Finally, Citigroup Inc. raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $16.00 in a report on Friday, August 25th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.30.
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Abercrombie & Fitch Company (ANF) opened at 14.33 on Thursday. The firm has a 50 day moving average of $12.96 and a 200-day moving average of $11.91. Abercrombie & Fitch Company has a 12 month low of $8.81 and a 12 month high of $17.35. The firm’s market cap is $975.69 million.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $779.00 million during the quarter, compared to analysts’ expectations of $758.57 million. During the same quarter last year, the business earned ($0.25) EPS. The business’s revenue was down .5% on a year-over-year basis. On average, equities research analysts forecast that Abercrombie & Fitch Company will post ($0.03) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, September 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Wednesday, August 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -258.06%.
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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