Integrated Quantitative Investments LLC Buys New Shares in Abercrombie & Fitch Co. (NYSE:ANF)

Integrated Quantitative Investments LLC bought a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,815 shares of the apparel retailer's stock, valued at approximately $1,019,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA grew its position in Abercrombie & Fitch by 30.9% in 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 last quarter. UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 107 shares during the last quarter. Arizona State Retirement System increased its stake in Abercrombie & Fitch by 0.8% in 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 period. Atria Investments Inc lifted its holdings in Abercrombie & Fitch by 7.4% during the 4th quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock valued at $251,000 after buying an additional 115 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Abercrombie & Fitch by 1.3% during the 4th 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.

Remove Ads

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Morgan Stanley dropped their price target 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. Citigroup decreased their price objective 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 shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $136.25.

Abercrombie & Fitch Trading Up 1.8 %

Shares of NYSE:ANF traded up $1.22 during trading on Wednesday, reaching $68.16. The stock had a trading volume of 1,238,521 shares, compared to its average volume of 1,941,192. The firm's 50-day simple moving average is $92.58 and its 200 day simple moving average is $125.92. Abercrombie & Fitch Co. has a one year low of $65.02 and a one year high of $196.99. The company has a market capitalization of $3.33 billion, a P/E ratio of 6.74 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating 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 the consensus estimate of $1.57 billion. During the same period last year, the firm earned $2.97 earnings per share. Abercrombie & Fitch's revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast 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 approved a stock buyback plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

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.