Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 107.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,887 shares of the apparel retailer's stock after acquiring an additional 13,418 shares during the quarter. Rockefeller Capital Management L.P. owned 0.05% of Abercrombie & Fitch worth $3,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch in the 4th quarter valued at approximately $27,000. UMB Bank n.a. grew its stake in Abercrombie & Fitch by 92.2% during 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 period. Fifth Third Bancorp lifted its position in shares of Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock valued at $55,000 after acquiring an additional 132 shares during the period. Private Trust Co. NA grew its stake in shares of 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 buying an additional 98 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $69,000.

Analyst Ratings Changes

ANF has been the subject of several analyst reports. Citigroup lowered their price objective on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Morgan Stanley cut 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 research report on Wednesday, January 15th. Finally, Raymond James set a $110.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and a consensus price target of $127.25.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded down $1.15 during trading hours on Thursday, reaching $72.62. The company's stock had a trading volume of 742,812 shares, compared to its average volume of 1,977,575. The firm has a 50 day moving average price of $82.84 and a 200-day moving average price of $120.67. Abercrombie & Fitch Co. has a one year low of $65.40 and a one year high of $196.99. The stock has a market cap of $3.55 billion, a P/E ratio of 7.17 and a beta of 1.41.

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, topping analysts' consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.97 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is 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.