Blueshift Asset Management LLC trimmed its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 68.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,014 shares of the apparel retailer's stock after selling 12,804 shares during the quarter. Blueshift Asset Management LLC's holdings in Abercrombie & Fitch were worth $899,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $27,000. UMB Bank n.a. boosted its holdings in 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 acquiring an additional 107 shares during the last quarter. Private Trust Co. NA grew its position in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after acquiring an additional 272 shares during the period. Fifth Third Bancorp increased its stake in Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 132 shares during the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $69,000.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price 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. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Telsey Advisory Group reduced their target price on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Citigroup lowered their price target on Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Morgan Stanley cut their price objective on 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $140.88.
Read Our Latest Research Report on ANF
Abercrombie & Fitch Stock Performance
Shares of NYSE ANF traded down $0.25 during midday trading on Monday, reaching $79.13. 3,513,952 shares of the company's stock were exchanged, compared to its average volume of 1,834,138. Abercrombie & Fitch Co. has a 52-week low of $74.31 and a 52-week high of $196.99. The business's fifty day moving average price is $105.01 and its two-hundred day moving average price is $131.01. The stock has a market capitalization of $3.99 billion, a PE ratio of 7.83 and a beta of 1.45.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.97 EPS. Analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.
Abercrombie & Fitch declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.
Abercrombie & Fitch Company Profile
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Free Report)
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.
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