Victory Capital Management Inc. Sells 11,471 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Victory Capital Management Inc. lowered its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 31.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,367 shares of the apparel retailer's stock after selling 11,471 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Abercrombie & Fitch worth $3,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer's stock valued at $171,815,000 after acquiring an additional 63,157 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Abercrombie & Fitch by 25.2% during the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer's stock valued at $121,733,000 after purchasing an additional 60,022 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Abercrombie & Fitch by 23.2% in the 4th quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer's stock valued at $104,898,000 after acquiring an additional 131,970 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Abercrombie & Fitch by 0.8% during the 4th quarter. Allianz Asset Management GmbH now owns 533,853 shares of the apparel retailer's stock valued at $79,795,000 after purchasing an additional 4,019 shares during the last quarter.

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Abercrombie & Fitch Price Performance

NYSE:ANF traded up $2.61 during trading hours on Wednesday, reaching $82.31. The company's stock had a trading volume of 1,621,269 shares, compared to its average volume of 1,810,597. The business's 50-day moving average is $110.56 and its 200-day moving average is $132.73. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 8.14 and a beta of 1.45. Abercrombie & Fitch Co. has a one year low of $74.31 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same period in the previous year, the business posted $2.97 EPS. The company's quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group decreased their target price 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 cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. JPMorgan Chase & Co. decreased their price target on Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Citigroup cut their price target on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, UBS Group decreased their price objective 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's stock. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus target price of $140.88.

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.