Arrowstreet Capital Limited Partnership Has $59.34 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Arrowstreet Capital Limited Partnership trimmed its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 75.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 396,991 shares of the apparel retailer's stock after selling 1,229,505 shares during the period. Arrowstreet Capital Limited Partnership owned 0.79% of Abercrombie & Fitch worth $59,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $212,000. Empirical Finance LLC increased its position in Abercrombie & Fitch by 87.2% during the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock worth $1,318,000 after buying an additional 4,108 shares during the last quarter. Lmcg Investments LLC raised its stake in Abercrombie & Fitch by 11.2% in the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock valued at $3,687,000 after buying an additional 2,479 shares during the period. Rhumbline Advisers lifted its position in shares of Abercrombie & Fitch by 3.1% in the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock valued at $23,699,000 after buying an additional 4,837 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $12,406,000.

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Abercrombie & Fitch Stock Performance

Shares of NYSE ANF traded up $3.11 during midday trading on Friday, reaching $73.37. The company's stock had a trading volume of 5,066,833 shares, compared to its average volume of 1,924,497. The company has a market cap of $3.59 billion, a P/E ratio of 7.26 and a beta of 1.41. The business's 50 day moving average price is $95.74 and its two-hundred day moving average price is $127.34. Abercrombie & Fitch Co. has a fifty-two week low of $66.51 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 46.50% and a net margin of 11.16%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.97 EPS. Sell-side 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 share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of research analyst reports. UBS Group dropped 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. StockNews.com cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Morgan Stanley decreased 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. Citigroup cut their price objective on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Jefferies Financial Group decreased their target price 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.88.

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.