Lisanti Capital Growth LLC Raises Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Lisanti Capital Growth LLC boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 645.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,650 shares of the apparel retailer's stock after purchasing an additional 17,880 shares during the quarter. Lisanti Capital Growth LLC's holdings in Abercrombie & Fitch were worth $3,087,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new stake in Abercrombie & Fitch in the 3rd quarter valued at $73,048,000. Raymond James Financial Inc. purchased a new position in Abercrombie & Fitch during the fourth quarter valued at $31,371,000. Wellington Management Group LLP lifted its holdings in 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 valued at $142,379,000 after purchasing an additional 204,901 shares in the last quarter. Fisher Asset Management LLC increased its stake 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 purchasing an additional 131,970 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake 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 purchasing an additional 106,577 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group lowered their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Raymond James set a $110.00 price target on Abercrombie & Fitch in a research report on Thursday, March 6th. Telsey Advisory Group decreased their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Three research 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.88.

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Abercrombie & Fitch Stock Performance

Shares of NYSE ANF traded up $0.48 during trading on Tuesday, hitting $78.65. 2,624,565 shares of the company were exchanged, compared to its average volume of 1,809,976. Abercrombie & Fitch Co. has a 12-month low of $75.65 and a 12-month high of $196.99. The company has a fifty day moving average price of $119.47 and a 200-day moving average price of $135.94. The firm 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 posted 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. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch's revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.97 EPS. Research analysts anticipate 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 authorized a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is 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.