Abercrombie & Fitch Co. (NYSE:ANF) Stock Position Decreased by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 82.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,448 shares of the apparel retailer's stock after selling 6,642 shares during the quarter. Fox Run Management L.L.C.'s holdings in Abercrombie & Fitch were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Abercrombie & Fitch in the 4th quarter worth approximately $31,371,000. Wellington Management Group LLP grew its holdings in Abercrombie & Fitch by 25.2% during 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 in the last quarter. Boston Partners purchased a new stake in Abercrombie & Fitch during the 4th quarter worth $28,327,000. Fisher Asset Management LLC boosted its position in 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 buying an additional 131,970 shares during the last quarter. Finally, Fred Alger Management LLC acquired a new stake in shares of Abercrombie & Fitch during the third quarter valued at about $11,852,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ANF shares. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Telsey Advisory Group lowered their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price 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 lowered their price target on Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.88.

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Abercrombie & Fitch Stock Down 0.2 %

Shares of NYSE ANF traded down $0.17 during mid-day trading on Monday, hitting $76.40. 2,057,769 shares of the company traded hands, compared to its average volume of 1,887,997. Abercrombie & Fitch Co. has a 1 year low of $73.54 and a 1 year high of $196.99. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 7.56 and a beta of 1.45. The business has a 50 day moving average of $100.75 and a two-hundred day moving average of $129.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same period last year, the company posted $2.97 earnings per share. The business's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its board has authorized a stock buyback plan on Wednesday, March 5th that allows the company to buyback $1.30 billion in outstanding shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback plans are generally an indication 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.