Taika Capital LP Buys Shares of 5,032 Abercrombie & Fitch Co. (NYSE:ANF)

Taika Capital LP acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,032 shares of the apparel retailer's stock, valued at approximately $752,000.

A number of other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $27,000. UMB Bank n.a. raised its position in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 123 shares during the period. Private Trust Co. NA boosted its holdings in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after acquiring an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 132 shares during the period.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded up $0.27 during trading hours on Tuesday, hitting $78.44. The stock had a trading volume of 1,779,624 shares, compared to its average volume of 1,807,095. Abercrombie & Fitch Co. has a 1-year low of $75.65 and a 1-year high of $196.99. The stock's fifty day moving average is $119.47 and its two-hundred day moving average is $135.94. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 7.73 and a beta of 1.45.

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Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 earnings per share. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its board has authorized a share buyback program on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ANF. Citigroup reduced their price objective on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Morgan Stanley reduced their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price target on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, UBS Group decreased their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.88.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.