Daiwa Securities Group Inc. Has $987,000 Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Daiwa Securities Group Inc. boosted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 120.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,600 shares of the apparel retailer's stock after buying an additional 3,600 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Abercrombie & Fitch were worth $987,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Abercrombie & Fitch by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer's stock valued at $171,815,000 after purchasing an additional 63,157 shares during the period. Wellington Management Group LLP lifted its stake in shares of Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer's stock valued at $142,379,000 after purchasing an additional 204,901 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Abercrombie & Fitch by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock valued at $121,733,000 after purchasing an additional 60,022 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Abercrombie & Fitch by 23.2% in the 4th quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer's stock valued at $104,898,000 after purchasing an additional 131,970 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Abercrombie & Fitch by 0.8% in the 4th quarter. Allianz Asset Management GmbH now owns 533,853 shares of the apparel retailer's stock valued at $79,795,000 after purchasing an additional 4,019 shares during the period.

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Abercrombie & Fitch Price Performance

ANF stock traded up $2.61 during trading hours on Wednesday, reaching $82.31. 2,127,886 shares of the stock were exchanged, compared to its average volume of 1,810,598. The firm's 50-day moving average is $110.56 and its 200-day moving average is $132.73. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 8.14 and a beta of 1.45. Abercrombie & Fitch Co. has a 12 month low of $74.31 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data 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 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 quarter last year, the company earned $2.97 EPS. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has approved a share repurchase program 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 programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently commented on ANF shares. Morgan Stanley dropped their price objective on 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. Telsey Advisory Group dropped 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. UBS Group dropped their price objective on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Citigroup dropped their price objective on Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Jefferies Financial Group dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $140.88.

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.