Greenland Capital Management LP Buys New Position in Abercrombie & Fitch Co. (NYSE:ANF)

Greenland Capital Management LP purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,616 shares of the apparel retailer's stock, valued at approximately $1,138,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its position in Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after purchasing an additional 98 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Abercrombie & Fitch by 92.2% during the 4th 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. Arizona State Retirement System lifted its position in shares of Abercrombie & Fitch by 0.8% during the 4th quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer's stock worth $2,217,000 after buying an additional 115 shares during the last quarter. Atria Investments Inc lifted its position in shares of Abercrombie & Fitch by 7.4% during the 4th quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock worth $251,000 after buying an additional 115 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Abercrombie & Fitch by 1.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer's stock valued at $1,392,000 after buying an additional 118 shares in the last quarter.

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Abercrombie & Fitch Trading Up 0.8 %

Abercrombie & Fitch stock traded up $0.61 during midday trading on Friday, reaching $73.60. The stock had a trading volume of 2,020,923 shares, compared to its average volume of 1,967,841. The company has a fifty day moving average price of $89.15 and a two-hundred day moving average price of $124.12. Abercrombie & Fitch Co. has a 12 month low of $65.40 and a 12 month high of $196.99. The company has a market capitalization of $3.60 billion, a P/E ratio of 7.28 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict 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 initiated a share repurchase plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently issued reports on ANF. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, March 6th. Jefferies Financial Group cut 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. Telsey Advisory Group reduced their target price on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Citigroup lowered their price target on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.14.

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.