12,500 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,500 shares of the apparel retailer's stock, valued at approximately $1,868,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. AXQ Capital LP acquired a new position in Abercrombie & Fitch in the 4th quarter worth about $228,000. Hillsdale Investment Management Inc. lifted its holdings in Abercrombie & Fitch by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 35,350 shares of the apparel retailer's stock valued at $5,284,000 after purchasing an additional 250 shares in the last quarter. American Century Companies Inc. grew its position 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 valued at $101,779,000 after purchasing an additional 5,493 shares during the period. Summit Global Investments purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $534,000. Finally, Lingohr Asset Management GmbH acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $362,000.

Analyst Ratings Changes

Several research firms have recently weighed in on ANF. JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. StockNews.com downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Finally, UBS Group lowered their target price on Abercrombie & Fitch from $210.00 to $150.00 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.88.

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Abercrombie & Fitch Trading Down 0.9 %

Shares of ANF stock traded down $0.65 on Monday, reaching $75.92. 865,299 shares of the stock were exchanged, compared to its average volume of 1,883,405. Abercrombie & Fitch Co. has a twelve month low of $73.54 and a twelve month high of $196.99. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 7.50 and a beta of 1.45. The business's 50 day moving average price is $100.75 and its 200 day moving average price is $129.47.

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 analysts' consensus estimates of $3.48 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 EPS. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch announced that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Abercrombie & Fitch Company 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.