New Age Alpha Advisors LLC purchased 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 and Exchange Commission (SEC). The fund purchased 11,093 shares of the apparel retailer's stock, valued at approximately $1,658,000.
Several other hedge funds and other institutional investors have also made changes to their positions in ANF. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch in the 4th quarter valued at about $27,000. UMB Bank n.a. increased its stake in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares during the period. Private Trust Co. NA raised its holdings in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Fifth Third Bancorp lifted its position in Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 132 shares during the period. Finally, Parkside Financial Bank & Trust bought a new position in Abercrombie & Fitch during the 4th quarter valued at $69,000.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ANF. Raymond James set a $110.00 price objective on Abercrombie & Fitch in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Citigroup cut their target price on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. 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 report on Thursday, March 6th. Finally, StockNews.com downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.88.
Check Out Our Latest Research Report on Abercrombie & Fitch
Abercrombie & Fitch Price Performance
NYSE ANF traded up $3.11 on Friday, hitting $73.37. 5,066,833 shares of the stock were exchanged, compared to its average volume of 1,922,047. The company's 50-day moving average price is $95.74 and its two-hundred day moving average price is $127.45. Abercrombie & Fitch Co. has a 52-week low of $65.51 and a 52-week high of $196.99. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 7.26 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 for the quarter, beating analysts' consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. Abercrombie & Fitch's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.
Abercrombie & Fitch declared that its Board of Directors has approved a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.
About Abercrombie & Fitch
(
Free Report)
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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