Lorber David A bought a new stake in Abercrombie & Fitch Company (NYSE:ANF) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,708 shares of the apparel retailer’s stock, valued at approximately $126,000. Abercrombie & Fitch makes up 1.4% of Lorber David A’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI grew its position in shares of Abercrombie & Fitch by 44.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 336,947 shares of the apparel retailer’s stock valued at $4,192,000 after buying an additional 104,009 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Abercrombie & Fitch by 16.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,211,060 shares of the apparel retailer’s stock valued at $17,489,000 after buying an additional 170,852 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $18,038,000. Smith Graham & Co. Investment Advisors LP grew its position in shares of Abercrombie & Fitch by 18.8% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 332,292 shares of the apparel retailer’s stock valued at $4,798,000 after buying an additional 52,650 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Abercrombie & Fitch by 22.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 535,177 shares of the apparel retailer’s stock valued at $6,658,000 after buying an additional 99,563 shares during the last quarter. Institutional investors and hedge funds own 99.44% of the company’s stock.

Abercrombie & Fitch Company (ANF) opened at $17.45 on Wednesday. Abercrombie & Fitch Company has a 1 year low of $8.81 and a 1 year high of $18.44. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The company has a market cap of $1,219.70, a PE ratio of 137.77, a price-to-earnings-growth ratio of 11.90 and a beta of 0.96.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. Abercrombie & Fitch’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. sell-side analysts forecast that Abercrombie & Fitch Company will post 0.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, December 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -285.70%.

A number of equities research analysts recently weighed in on ANF shares. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup reaffirmed a “buy” rating and set a $18.00 price objective (up previously from $16.00) on shares of Abercrombie & Fitch in a research report on Monday, November 20th. Telsey Advisory Group boosted their price objective on shares of Abercrombie & Fitch from $12.00 to $17.00 and gave the company a “market perform” rating in a research report on Monday, November 20th. Robert W. Baird set a $16.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Saturday, November 18th. Finally, FBR & Co lowered their price objective on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Abercrombie & Fitch presently has an average rating of “Hold” and an average target price of $12.98.

TRADEMARK VIOLATION NOTICE: “Lorber David A Buys Shares of 8,708 Abercrombie & Fitch Company (ANF)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/13/lorber-david-a-buys-shares-of-8708-abercrombie-fitch-company-anf.html.

About Abercrombie & Fitch

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.

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

Receive News & Stock Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related stocks with our FREE daily email newsletter.