Abercrombie & Fitch Co. (NYSE:ANF) Holdings Decreased by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,197,937 shares of the apparel retailer's stock after selling 23,953 shares during the period. Geode Capital Management LLC owned approximately 2.38% of Abercrombie & Fitch worth $179,382,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Abercrombie & Fitch by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock valued at $860,303,000 after purchasing an additional 53,999 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Abercrombie & Fitch by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock valued at $183,829,000 after buying an additional 212,155 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Abercrombie & Fitch by 23.2% during the fourth quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer's stock worth $104,898,000 after buying an additional 131,970 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Abercrombie & Fitch by 0.8% in the fourth quarter. American Century Companies Inc. now owns 680,930 shares of the apparel retailer's stock worth $101,779,000 after buying an additional 5,493 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in Abercrombie & Fitch by 1.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 616,228 shares of the apparel retailer's stock valued at $92,108,000 after acquiring an additional 9,248 shares in the last quarter.

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Abercrombie & Fitch Stock Up 0.8 %

ANF stock traded up $0.61 during mid-day trading on Friday, reaching $73.60. The company had a trading volume of 2,020,923 shares, compared to its average volume of 1,964,094. Abercrombie & Fitch Co. has a one year low of $65.40 and a one year high of $196.99. The stock has a market capitalization of $3.60 billion, a P/E ratio of 7.28 and a beta of 1.41. The stock's 50-day simple moving average is $89.15 and its two-hundred day simple moving average is $124.22.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share 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 business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter last year, the company earned $2.97 EPS. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

ANF has been the subject of several research analyst reports. Telsey Advisory Group dropped their target price on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. UBS Group lowered their price objective on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" 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 $135.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday. Finally, StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Three 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.com, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and an average target price of $136.25.

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.