115,433 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 115,433 shares of the apparel retailer's stock, valued at approximately $17,254,000. BI Asset Management Fondsmaeglerselskab A S owned about 0.23% of Abercrombie & Fitch at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Everence Capital Management Inc. bought a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at about $212,000. Empirical Finance LLC raised 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 valued at $1,318,000 after buying an additional 4,108 shares during the period. Lmcg Investments LLC grew its position in Abercrombie & Fitch by 11.2% during the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock valued at $3,687,000 after purchasing an additional 2,479 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Abercrombie & Fitch by 3.1% during the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock valued at $23,699,000 after acquiring an additional 4,837 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth $12,406,000.

Analysts Set New Price Targets

ANF has been the subject of a number of recent research reports. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Morgan Stanley lowered their price objective 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. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Finally, Telsey Advisory Group lowered their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and an average price target of $127.25.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded down $1.15 during trading on Wednesday, hitting $73.79. 1,563,573 shares of the company were exchanged, compared to its average volume of 1,982,266. The firm has a market capitalization of $3.61 billion, a P/E ratio of 7.30 and a beta of 1.41. The firm's fifty day moving average price is $82.84 and its 200 day moving average price is $120.67. Abercrombie & Fitch Co. has a 1-year low of $65.40 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results 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 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%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 earnings per share. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management 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.