Federated Hermes Inc. Trims Position in Abercrombie & Fitch Co. (NYSE:ANF)

Federated Hermes Inc. lessened its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,985 shares of the apparel retailer's stock after selling 28,408 shares during the period. Federated Hermes Inc. owned about 0.23% of Abercrombie & Fitch worth $17,486,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ANF. SBI Securities Co. Ltd. purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at approximately $27,000. UMB Bank n.a. increased its position in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after buying an additional 107 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after buying an additional 132 shares during the period. Private Trust Co. NA grew its stake in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after acquiring an additional 98 shares during the period. Finally, Parkside Financial Bank & Trust purchased a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $69,000.

Abercrombie & Fitch Trading Down 2.1 %

Shares of NYSE ANF traded down $1.54 during trading hours on Tuesday, hitting $71.31. 528,257 shares of the company traded hands, compared to its average volume of 1,962,006. The company's 50 day moving average price is $88.33 and its 200 day moving average price is $123.62. Abercrombie & Fitch Co. has a 12 month low of $65.40 and a 12 month high of $196.99. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 7.04 and a beta of 1.41.

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Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.48 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 earnings per share. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its Board of Directors has initiated a share buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ANF shares. UBS Group dropped 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. StockNews.com cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Citigroup cut their target price on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.29.

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.