Dimensional Fund Advisors LP Decreases Position in Abercrombie & Fitch Co. (NYSE:ANF)

Dimensional Fund Advisors LP trimmed its stake in Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,151,317 shares of the apparel retailer’s stock after selling 493,418 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Abercrombie & Fitch worth $72,196,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ANF. Captrust Financial Advisors raised its holdings in shares of Abercrombie & Fitch by 24.9% in the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after acquiring an additional 913 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Abercrombie & Fitch in the first quarter valued at $95,000. Public Employees Retirement System of Ohio increased its stake in Abercrombie & Fitch by 13.4% in the third quarter. Public Employees Retirement System of Ohio now owns 6,851 shares of the apparel retailer’s stock valued at $107,000 after purchasing an additional 810 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Abercrombie & Fitch by 57.9% in the third quarter. Tower Research Capital LLC TRC now owns 7,073 shares of the apparel retailer’s stock valued at $110,000 after purchasing an additional 2,594 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in Abercrombie & Fitch by 633.7% in the second quarter. Point72 Hong Kong Ltd now owns 7,513 shares of the apparel retailer’s stock valued at $127,000 after purchasing an additional 6,489 shares during the last quarter.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $28.56 on Friday. The firm has a market capitalization of $1.43 billion, a PE ratio of 476.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.80. The business has a 50-day moving average of $24.89 and a two-hundred day moving average of $25.25. Abercrombie & Fitch Co. has a 12 month low of $14.02 and a 12 month high of $31.69.

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Abercrombie & Fitch (NYSE:ANF – Get Rating) last announced its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.41. The company had revenue of $836.00 million during the quarter, compared to analyst estimates of $814.93 million. Abercrombie & Fitch had a return on equity of 1.90% and a net margin of 0.08%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) earnings per share. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com assumed coverage on Abercrombie & Fitch in a research note on Thursday, May 18th. They issued a “hold” rating for the company. JPMorgan Chase & Co. dropped their target price on Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, March 2nd. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Jefferies Financial Group dropped their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, May 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $33.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $28.75.

Abercrombie & Fitch Company Profile

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.