Clearbridge Investments LLC lifted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,908 shares of the apparel retailer's stock after buying an additional 38,826 shares during the period. Clearbridge Investments LLC owned approximately 0.50% of Abercrombie & Fitch worth $37,503,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Private Trust Co. NA increased its position 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 worth $62,000 after acquiring an additional 98 shares in the last quarter. UMB Bank n.a. boosted its position in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 107 shares during the period. Arizona State Retirement System increased its holdings in Abercrombie & Fitch by 0.8% in the 4th quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer's stock valued at $2,217,000 after purchasing an additional 115 shares in the last quarter. Atria Investments Inc raised its position in Abercrombie & Fitch by 7.4% in the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock valued at $251,000 after purchasing an additional 115 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Abercrombie & Fitch by 1.3% during the fourth 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.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research note 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 on the stock in a research report on Wednesday, March 5th. UBS Group lowered their price target 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. Telsey Advisory Group cut their price objective 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. Finally, Morgan Stanley lowered their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.88.
Check Out Our Latest Analysis on ANF
Abercrombie & Fitch Stock Performance
Shares of ANF stock traded up $3.11 during trading hours on Friday, hitting $73.37. 5,066,833 shares of the company were exchanged, compared to its average volume of 1,924,497. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 7.26 and a beta of 1.41. Abercrombie & Fitch Co. has a one year low of $66.51 and a one year high of $196.99. The business's 50-day simple moving average is $95.74 and its two-hundred day simple moving average is $127.34.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the business posted $2.97 EPS. Abercrombie & Fitch's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.
Abercrombie & Fitch announced that its board has authorized a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
About Abercrombie & Fitch
(
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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