Alliancebernstein L.P. Has $15.92 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Alliancebernstein L.P. lowered its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,514 shares of the apparel retailer's stock after selling 37,703 shares during the period. Alliancebernstein L.P. owned approximately 0.21% of Abercrombie & Fitch worth $15,921,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $27,000. UMB Bank n.a. lifted its holdings in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after buying an additional 107 shares during the last quarter. Fifth Third Bancorp grew its position in Abercrombie & Fitch by 56.2% in 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 in the last quarter. Private Trust Co. NA boosted its stake in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock worth $62,000 after acquiring an additional 98 shares in the last quarter. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $69,000.

Wall Street Analysts Forecast Growth

ANF has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley cut 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. Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, March 6th. StockNews.com downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Finally, Telsey Advisory Group decreased their target price on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $137.14.

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Abercrombie & Fitch Stock Down 0.8 %

NYSE:ANF traded down $0.60 on Monday, reaching $73.02. The stock had a trading volume of 214,876 shares, compared to its average volume of 1,961,037. The company has a market capitalization of $3.57 billion, a P/E ratio of 7.22 and a beta of 1.41. The stock has a fifty day moving average price of $89.15 and a 200-day moving average price of $124.12. Abercrombie & Fitch Co. has a 1-year low of $65.40 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.97 EPS. Sell-side analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors 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 usually an indication that the company's management believes its stock is 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.