Dynamic Technology Lab Private Ltd Has $4.48 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Dynamic Technology Lab Private Ltd lessened its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,994 shares of the apparel retailer's stock after selling 7,682 shares during the period. Abercrombie & Fitch makes up approximately 0.7% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 3rd biggest holding. Dynamic Technology Lab Private Ltd owned 0.06% of Abercrombie & Fitch worth $4,483,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Everence Capital Management Inc. bought a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $212,000. Empirical Finance LLC lifted its holdings in Abercrombie & Fitch by 87.2% during the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock valued at $1,318,000 after purchasing an additional 4,108 shares during the last quarter. Lmcg Investments LLC boosted its position in Abercrombie & Fitch by 11.2% during the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock worth $3,687,000 after purchasing an additional 2,479 shares during the period. Rhumbline Advisers increased its stake 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 worth $23,699,000 after purchasing an additional 4,837 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $12,406,000.

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Analyst Ratings Changes

A number of research analysts recently weighed in on ANF shares. Morgan Stanley reduced their price objective on shares of 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. UBS Group decreased 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. JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Citigroup reduced their target price on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday. Finally, StockNews.com downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $136.25.

Abercrombie & Fitch Trading Down 6.0 %

Shares of NYSE ANF traded down $4.61 during midday trading on Thursday, hitting $72.63. 1,207,390 shares of the company's stock were exchanged, compared to its average volume of 1,952,691. The business's fifty day moving average price is $90.82 and its two-hundred day moving average price is $125.14. The company 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 12-month low of $65.40 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly 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 net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect 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 approved a stock repurchase plan on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

About Abercrombie & Fitch

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.