Envestnet Asset Management Inc. Purchases 17,377 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Envestnet Asset Management Inc. lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 79.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,260 shares of the apparel retailer's stock after purchasing an additional 17,377 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of Abercrombie & Fitch worth $5,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ANF. Everence Capital Management Inc. bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $212,000. Empirical Finance LLC increased its position in Abercrombie & Fitch by 87.2% during the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock worth $1,318,000 after purchasing an additional 4,108 shares in the last quarter. Lmcg Investments LLC boosted its position in Abercrombie & Fitch by 11.2% in the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock valued at $3,687,000 after buying an additional 2,479 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock worth $23,699,000 after buying an additional 4,837 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter worth $12,406,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ANF. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Barclays initiated coverage on shares of Abercrombie & Fitch in a research report on Monday. They set an "equal weight" rating and a $71.00 target price on the stock. StockNews.com cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Telsey Advisory Group cut their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Raymond James set a $110.00 price objective on Abercrombie & Fitch in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $127.25.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $1.50 on Friday, reaching $71.57. 844,178 shares of the company were exchanged, compared to its average volume of 1,982,788. Abercrombie & Fitch Co. has a one year low of $65.40 and a one year high of $196.99. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 7.06 and a beta of 1.41. The company has a 50-day moving average of $82.07 and a 200-day moving average of $120.21.

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

Abercrombie & Fitch announced that its board has approved a stock buyback plan on Wednesday, March 5th that permits the company to repurchase $1.30 billion in shares. This repurchase authorization permits the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Abercrombie & Fitch Company Profile

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.