Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,462 shares of the apparel retailer's stock after selling 10,890 shares during the period. California Public Employees Retirement System owned about 0.18% of Abercrombie & Fitch worth $13,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Everence Capital Management Inc. purchased a new stake in Abercrombie & Fitch in the fourth quarter valued at $212,000. Empirical Finance LLC lifted its position in Abercrombie & Fitch by 87.2% in the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock valued at $1,318,000 after acquiring an additional 4,108 shares during the last quarter. Lmcg Investments LLC lifted its position 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 acquiring an additional 2,479 shares during the last quarter. Rhumbline Advisers raised its holdings 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. purchased a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at about $12,406,000.

Wall Street Analyst Weigh In

ANF has been the subject of a number of research reports. UBS Group reduced their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group reduced their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Morgan Stanley reduced their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. Finally, Citigroup cut their price target on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and a consensus price target of $136.25.

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Abercrombie & Fitch Trading Down 5.9 %

Shares of ANF stock traded down $4.55 during trading hours on Thursday, hitting $72.69. The company's stock had a trading volume of 570,693 shares, compared to its average volume of 1,950,192. The business has a fifty day moving average of $90.82 and a 200-day moving average of $125.14. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 7.18 and a beta of 1.41. Abercrombie & Fitch Co. has a twelve month low of $65.40 and a twelve month 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 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 analyst estimates of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.97 earnings per share. On average, equities analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has initiated a share buyback 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 reacquire up to 29.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Abercrombie & Fitch Company 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.