Teacher Retirement System of Texas Cuts Position in Abercrombie & Fitch Co. (NYSE:ANF)

Teacher Retirement System of Texas cut its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,140 shares of the apparel retailer's stock after selling 9,128 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Abercrombie & Fitch worth $4,057,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ANF. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $27,000. UMB Bank n.a. boosted its holdings in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 107 shares in the last quarter. Private Trust Co. NA grew its stake in Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after acquiring an additional 272 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 132 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new stake in Abercrombie & Fitch in the 4th quarter valued at $69,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ANF. Morgan Stanley dropped their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 15th. Citigroup decreased their price objective on Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, March 6th. UBS Group decreased their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group decreased their price objective on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Raymond James set a $110.00 target price on Abercrombie & Fitch in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.88.

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Abercrombie & Fitch Stock Up 3.7 %

ANF traded up $2.78 on Thursday, hitting $78.50. The company's stock had a trading volume of 630,037 shares, compared to its average volume of 1,830,807. Abercrombie & Fitch Co. has a 12 month low of $74.31 and a 12 month high of $196.99. The company's 50 day simple moving average is $102.83 and its 200-day simple moving average is $130.24. The firm has a market cap of $3.95 billion, a P/E ratio of 7.76 and a beta of 1.45.

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. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business earned $2.97 earnings per share. Abercrombie & Fitch's revenue was up 9.1% compared to the same quarter last year. Equities analysts predict 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 approved a stock buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management 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.