Abercrombie & Fitch Company (ANF) Position Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 22.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,177 shares of the apparel retailer’s stock after acquiring an additional 99,563 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.79% of Abercrombie & Fitch worth $6,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd acquired a new position in Abercrombie & Fitch during the 1st quarter valued at approximately $149,000. State of Alaska Department of Revenue increased its stake in Abercrombie & Fitch by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after purchasing an additional 5,957 shares in the last quarter. Mason Street Advisors LLC increased its stake in Abercrombie & Fitch by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 15,825 shares of the apparel retailer’s stock valued at $189,000 after purchasing an additional 1,037 shares in the last quarter. First Financial Equity Corporation acquired a new position in Abercrombie & Fitch during the 1st quarter valued at approximately $223,000. Finally, Credit Agricole S A increased its stake in Abercrombie & Fitch by 95.0% during the 1st quarter. Credit Agricole S A now owns 19,500 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 9,500 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/abercrombie-fitch-company-anf-position-lifted-by-schwab-charles-investment-management-inc.html.

Shares of Abercrombie & Fitch Company (NYSE:ANF) opened at 13.60 on Tuesday. The stock’s market capitalization is $925.98 million. Abercrombie & Fitch Company has a one year low of $8.81 and a one year high of $17.35. The company’s 50-day moving average is $13.35 and its 200-day moving average is $11.98.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.17. The company had revenue of $779.00 million for the quarter, compared to analysts’ expectations of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. Abercrombie & Fitch’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.25) EPS. On average, equities research analysts anticipate that Abercrombie & Fitch Company will post ($0.03) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were paid a $0.20 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 5.88%. Abercrombie & Fitch’s dividend payout ratio is currently -258.06%.

A number of research analysts have issued reports on ANF shares. Vetr lowered shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating and set a $12.10 price target on the stock. in a research note on Monday, June 12th. Instinet restated a “neutral” rating and set a $10.00 price target on shares of Abercrombie & Fitch in a research note on Monday, June 12th. Royal Bank Of Canada restated a “sell” rating and set a $12.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, June 13th. Nomura set a $10.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, June 12th. Finally, TheStreet lowered shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research note on Thursday, June 15th. Six investment analys

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd acquired a new position in Abercrombie & Fitch during the 1st quarter valued at approximately $149,000. State of Alaska Department of Revenue increased its stake in Abercrombie & Fitch by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after purchasing an additional 5,957 shares in the last quarter. Mason Street Advisors LLC increased its stake in Abercrombie & Fitch by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 15,825 shares of the apparel retailer’s stock valued at $189,000 after purchasing an additional 1,037 shares in the last quarter. First Financial Equity Corporation acquired a new position in Abercrombie & Fitch during the 1st quarter valued at approximately $223,000. Finally, Credit Agricole S A increased its stake in Abercrombie & Fitch by 95.0% during the 1st quarter. Credit Agricole S A now owns 19,500 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 9,500 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/abercrombie-fitch-company-anf-position-lifted-by-schwab-charles-investment-management-inc.html.

Shares of Abercrombie & Fitch Company (NYSE:ANF) opened at 13.60 on Tuesday. The stock’s market capitalization is $925.98 million. Abercrombie & Fitch Company has a one year low of $8.81 and a one year high of $17.35. The company’s 50-day moving average is $13.35 and its 200-day moving average is $11.98.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.17. The company had revenue of $779.00 million for the quarter, compared to analysts’ expectations of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. Abercrombie & Fitch’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.25) EPS. On average, equities research analysts anticipate that Abercrombie & Fitch Company will post ($0.03) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were paid a $0.20 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 5.88%. Abercrombie & Fitch’s dividend payout ratio is currently -258.06%.

A number of research analysts have issued reports on ANF shares. Vetr lowered shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating and set a $12.10 price target on the stock. in a research note on Monday, June 12th. Instinet restated a “neutral” rating and set a $10.00 price target on shares of Abercrombie & Fitch in a research note on Monday, June 12th. Royal Bank Of Canada restated a “sell” rating and set a $12.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, June 13th. Nomura set a $10.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, June 12th. Finally, TheStreet lowered shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research note on Thursday, June 15th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Abercrombie & Fitch presently has an average rating of “Hold” and an average target price of $12.30.

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)

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