Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 817,310 shares of the apparel retailer's stock after selling 52,833 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.62% of Abercrombie & Fitch worth $122,163,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ANF. Chartwell Investment Partners LLC raised its stake in shares of Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer's stock worth $1,322,000 after buying an additional 74 shares during the last quarter. Atria Investments Inc raised its position in Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer's stock worth $219,000 after acquiring an additional 80 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 30.9% in the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after purchasing an additional 98 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 107 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Abercrombie & Fitch by 1.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer's stock worth $1,392,000 after purchasing an additional 118 shares in the last quarter.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ANF shares. Jefferies Financial Group reduced their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Telsey Advisory Group decreased their price objective 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. JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. UBS Group reduced their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Morgan Stanley lowered their price target 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $140.88.

Abercrombie & Fitch Trading Down 3.0 %

ANF traded down $2.39 during midday trading on Wednesday, hitting $76.30. The company's stock had a trading volume of 1,649,952 shares, compared to its average volume of 1,808,290. The firm has a market cap of $3.84 billion, a P/E ratio of 7.55 and a beta of 1.45. Abercrombie & Fitch Co. has a 52-week low of $75.09 and a 52-week high of $196.99. The firm has a 50-day moving average price of $118.05 and a two-hundred day moving average price of $135.30.

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 for the quarter, topping analysts' consensus estimates 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 net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 earnings per share. On average, equities analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

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