ExodusPoint Capital Management LP Sells 31,454 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

ExodusPoint Capital Management LP lowered its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 61.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,663 shares of the apparel retailer's stock after selling 31,454 shares during the quarter. ExodusPoint Capital Management LP's holdings in Abercrombie & Fitch were worth $2,939,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in Abercrombie & Fitch by 13.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 21,341 shares of the apparel retailer's stock worth $3,190,000 after purchasing an additional 2,573 shares during the period. Trexquant Investment LP grew its stake in shares of Abercrombie & Fitch by 5.1% in the fourth quarter. Trexquant Investment LP now owns 173,393 shares of the apparel retailer's stock valued at $25,917,000 after buying an additional 8,350 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Abercrombie & Fitch by 3.5% in the fourth quarter. Franklin Resources Inc. now owns 50,050 shares of the apparel retailer's stock valued at $7,481,000 after buying an additional 1,712 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Abercrombie & Fitch by 48.0% during the 4th quarter. Meeder Asset Management Inc. now owns 9,107 shares of the apparel retailer's stock valued at $1,361,000 after buying an additional 2,952 shares during the period. Finally, Wellington Management Group LLP lifted its position in Abercrombie & Fitch by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock worth $183,829,000 after acquiring an additional 212,155 shares in the last quarter.

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Abercrombie & Fitch Price Performance

Shares of ANF traded up $0.61 during trading hours on Friday, hitting $73.60. The stock had a trading volume of 2,020,923 shares, compared to its average volume of 1,964,094. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 7.28 and a beta of 1.41. The company's fifty day moving average is $89.15 and its two-hundred day moving average is $124.22. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping the consensus estimate 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%. Abercrombie & Fitch's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.97 EPS. Equities analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ANF shares. Citigroup dropped their price objective on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. UBS Group lowered their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, Telsey Advisory Group reduced their price target on shares of 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.14.

Abercrombie & Fitch 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.