Trexquant Investment LP Has $25.92 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Trexquant Investment LP grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,393 shares of the apparel retailer's stock after purchasing an additional 8,350 shares during the quarter. Trexquant Investment LP owned about 0.34% of Abercrombie & Fitch worth $25,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $88,478,000. Wellington Management Group LLP raised its stake 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 valued at $183,829,000 after purchasing an additional 212,155 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Abercrombie & Fitch during the 4th quarter valued at $31,371,000. Boston Partners acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at about $28,327,000. Finally, Fisher Asset Management LLC lifted its stake in shares of Abercrombie & Fitch by 23.2% in the fourth quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer's stock valued at $104,898,000 after buying an additional 131,970 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price 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. Citigroup decreased their price target on Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. StockNews.com lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Finally, Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.88.

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Abercrombie & Fitch Stock Up 4.4 %

NYSE:ANF traded up $3.11 during trading hours on Friday, hitting $73.37. 5,066,833 shares of the stock were exchanged, compared to its average volume of 1,924,497. The company has a market capitalization of $3.59 billion, a P/E ratio of 7.26 and a beta of 1.41. The company's 50 day moving average is $95.74 and its two-hundred day moving average is $127.40. Abercrombie & Fitch Co. has a twelve month low of $66.51 and a twelve month high of $196.99.

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

Abercrombie & Fitch declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization allows the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

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.