Contrarian Capital Management L.L.C. Acquires New Holdings in Abercrombie & Fitch Company (NYSE:ANF)

Contrarian Capital Management L.L.C. acquired a new position in Abercrombie & Fitch Company (NYSE:ANF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,081 shares of the apparel retailer’s stock, valued at approximately $2,528,000. Abercrombie & Fitch makes up 0.3% of Contrarian Capital Management L.L.C.’s portfolio, making the stock its 20th biggest holding. Contrarian Capital Management L.L.C. owned about 0.26% of Abercrombie & Fitch as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its position in Abercrombie & Fitch by 13.2% in the third quarter. Allianz Asset Management GmbH now owns 48,381 shares of the apparel retailer’s stock worth $699,000 after acquiring an additional 5,642 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Abercrombie & Fitch by 24.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 420,963 shares of the apparel retailer’s stock worth $6,079,000 after acquiring an additional 84,016 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Abercrombie & Fitch by 7.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 572,663 shares of the apparel retailer’s stock worth $8,270,000 after acquiring an additional 37,486 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Abercrombie & Fitch in the third quarter worth $528,000. Finally, Paradice Investment Management LLC raised its position in Abercrombie & Fitch by 19.2% in the third quarter. Paradice Investment Management LLC now owns 2,538,661 shares of the apparel retailer’s stock worth $36,658,000 after acquiring an additional 408,269 shares in the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.

Shares of Abercrombie & Fitch Company (ANF) opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08. The company has a market capitalization of $1,137.98, a price-to-earnings ratio of 128.54, a P/E/G ratio of 11.10 and a beta of 0.96. Abercrombie & Fitch Company has a 52 week low of $8.81 and a 52 week high of $18.44.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. research analysts expect that Abercrombie & Fitch Company will post 0.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, December 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Thursday, November 30th. Abercrombie & Fitch’s payout ratio is currently -285.70%.

Several research analysts have issued reports on ANF shares. Royal Bank of Canada upgraded Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $12.00 to $14.00 in a research report on Thursday, August 31st. Zacks Investment Research cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Standpoint Research cut Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research report on Friday, November 17th. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, J P Morgan Chase & Co cut Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $12.00 to $10.00 in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.98.

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Abercrombie & Fitch 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.

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

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