Landscape Capital Management L.L.C. Decreases Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Landscape Capital Management L.L.C. reduced its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 56,445 shares of the apparel retailer's stock after selling 5,944 shares during the period. Abercrombie & Fitch comprises approximately 0.9% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 8th biggest position. Landscape Capital Management L.L.C. owned about 0.11% of Abercrombie & Fitch worth $8,437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ANF. Cerity Partners LLC grew its position in Abercrombie & Fitch by 91.4% in the 3rd quarter. Cerity Partners LLC now owns 4,068 shares of the apparel retailer's stock worth $569,000 after purchasing an additional 1,943 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $1,744,000. Captrust Financial Advisors lifted its holdings in Abercrombie & Fitch by 41.7% during the third quarter. Captrust Financial Advisors now owns 2,478 shares of the apparel retailer's stock worth $347,000 after acquiring an additional 729 shares during the period. HighTower Advisors LLC lifted its holdings in Abercrombie & Fitch by 4.5% during the third quarter. HighTower Advisors LLC now owns 3,617 shares of the apparel retailer's stock worth $505,000 after acquiring an additional 157 shares during the period. Finally, Systematic Financial Management LP grew its stake in Abercrombie & Fitch by 18.3% in the 3rd quarter. Systematic Financial Management LP now owns 278,221 shares of the apparel retailer's stock valued at $38,923,000 after purchasing an additional 43,117 shares during the period.

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Wall Street Analyst Weigh In

Several analysts have commented on ANF shares. JPMorgan Chase & Co. lowered their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Raymond James set a $110.00 price objective on Abercrombie & Fitch in a report on Thursday, March 6th. Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 15th. UBS Group dropped their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus target price of $136.25.

Abercrombie & Fitch Price Performance

ANF stock traded up $0.60 during mid-day trading on Wednesday, reaching $67.54. 1,130,104 shares of the company traded hands, compared to its average volume of 1,940,590. The company has a fifty day moving average price of $92.58 and a 200-day moving average price of $125.92. Abercrombie & Fitch Co. has a 52-week low of $65.02 and a 52-week high of $196.99. The company has a market capitalization of $3.30 billion, a P/E ratio of 6.68 and a beta of 1.41.

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

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

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.