Harvest Fund Management Co. Ltd Boosts Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Harvest Fund Management Co. Ltd boosted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 127,760.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,393 shares of the apparel retailer's stock after purchasing an additional 6,388 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Abercrombie & Fitch were worth $954,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer's stock worth $171,815,000 after buying an additional 63,157 shares during the period. Wellington Management Group LLP increased its position in shares of Abercrombie & Fitch by 25.2% in 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Abercrombie & Fitch by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock valued at $121,733,000 after purchasing an additional 60,022 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Abercrombie & Fitch by 23.2% during the 4th quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer's stock worth $104,898,000 after purchasing an additional 131,970 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Abercrombie & Fitch by 1.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 616,228 shares of the apparel retailer's stock worth $92,108,000 after purchasing an additional 9,248 shares in the last quarter.

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Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $2.67 during trading hours on Tuesday, hitting $76.67. The stock had a trading volume of 2,986,533 shares, compared to its average volume of 1,834,009. The stock's 50 day moving average is $105.01 and its 200 day moving average is $131.01. The firm has a market capitalization of $3.86 billion, a PE ratio of 7.58 and a beta of 1.45. Abercrombie & Fitch Co. has a twelve month low of $74.31 and a twelve 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 earnings per share for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during 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%. Abercrombie & Fitch's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 EPS. As a group, equities analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch announced that its board has approved a stock buyback plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANF. StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research report on Thursday, March 6th. UBS Group lowered their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 15th. Finally, Citigroup reduced their price objective on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus price target of $140.88.

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.