Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 934,710 shares of the apparel retailer's stock after selling 105,300 shares during the period. Renaissance Technologies LLC owned about 1.86% of Abercrombie & Fitch worth $139,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ANF. SBI Securities Co. Ltd. purchased a new position in Abercrombie & Fitch during the 4th quarter valued at $27,000. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 107 shares during the last quarter. Fifth Third Bancorp boosted 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 valued at $55,000 after purchasing an additional 132 shares during the period. Private Trust Co. NA grew its holdings in shares of Abercrombie & Fitch by 30.9% in the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock worth $62,000 after purchasing an additional 98 shares during the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in Abercrombie & Fitch in the 4th quarter worth about $69,000.

Abercrombie & Fitch Trading Up 0.8 %

Shares of ANF traded up $0.61 during trading hours on Friday, hitting $73.60. The company had a trading volume of 2,020,923 shares, compared to its average volume of 1,967,841. Abercrombie & Fitch Co. has a one year low of $65.40 and a one year high of $196.99. The company's fifty day moving average price is $89.15 and its two-hundred day moving average price is $124.12. The company has a market capitalization of $3.60 billion, a PE ratio of 7.28 and a beta of 1.41.

Remove Ads

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, 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $2.97 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. Analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on ANF shares. Morgan Stanley lowered their price objective on shares of 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. Raymond James set a $110.00 price objective on Abercrombie & Fitch in a research note on Thursday, March 6th. StockNews.com downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Jefferies Financial Group lowered their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, UBS Group cut their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently 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.