Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,036 shares of the apparel retailer's stock after selling 5,928 shares during the period. Sei Investments Co. owned about 0.06% of Abercrombie & Fitch worth $4,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth $27,000. UMB Bank n.a. lifted its holdings in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 132 shares in the last quarter. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 30.9% in the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after buying an additional 98 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new stake in Abercrombie & Fitch during the 4th quarter valued at $69,000.

Analyst Upgrades and Downgrades

ANF has been the topic of several recent research reports. StockNews.com downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. JPMorgan Chase & Co. reduced 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 note on Wednesday, March 5th. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 15th. Raymond James set a $110.00 price target on Abercrombie & Fitch in a research note on Thursday, March 6th. Finally, UBS Group decreased 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.88.

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Abercrombie & Fitch Price Performance

NYSE ANF traded down $0.76 during mid-day trading on Monday, hitting $72.58. The company's stock had a trading volume of 4,276,711 shares, compared to its average volume of 1,933,877. The firm has a market capitalization of $3.55 billion, a P/E ratio of 7.18 and a beta of 1.41. Abercrombie & Fitch Co. has a 52-week low of $66.37 and a 52-week high of $196.99. The stock's fifty day simple moving average is $94.80 and its two-hundred day simple moving average is $126.87.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The firm 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%. The firm's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.97 EPS. On average, equities analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has initiated 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 shares through open market purchases. Shares repurchase plans are usually a sign 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.