Jupiter Asset Management Ltd. Buys 9,248 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Jupiter Asset Management Ltd. boosted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 616,228 shares of the apparel retailer's stock after purchasing an additional 9,248 shares during the quarter. Abercrombie & Fitch comprises approximately 0.9% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 12th biggest position. Jupiter Asset Management Ltd. owned about 1.22% of Abercrombie & Fitch worth $92,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ANF. Westfield Capital Management Co. LP acquired a new stake in shares of Abercrombie & Fitch during the third quarter worth $73,048,000. Raymond James Financial Inc. acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $31,371,000. Wellington Management Group LLP lifted its holdings in shares of Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer's stock worth $142,379,000 after buying an additional 204,901 shares in the last quarter. Fisher Asset Management LLC lifted its holdings 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. Finally, Bridgewater Associates LP lifted its holdings in shares of Abercrombie & Fitch by 561.7% during the third quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer's stock worth $17,564,000 after buying an additional 106,577 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James set a $110.00 target price on Abercrombie & Fitch in a report on Thursday, March 6th. Telsey Advisory Group dropped their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Jefferies Financial Group dropped their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. UBS Group dropped their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, Citigroup reduced their price target on Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $140.88.

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Abercrombie & Fitch Price Performance

Shares of ANF stock opened at $78.65 on Wednesday. Abercrombie & Fitch Co. has a one year low of $75.62 and a one year high of $196.99. The business's 50 day simple moving average is $118.05 and its 200 day simple moving average is $135.30. The stock has a market capitalization of $3.96 billion, a PE ratio of 7.78 and a beta of 1.45.

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 (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 for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. The company's revenue was up 9.1% compared to the same quarter last year. As a group, research analysts expect that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

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

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.

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