Abercrombie & Fitch Co. (NYSE:ANF) Stock Position Raised by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,229,875 shares of the apparel retailer's stock after buying an additional 212,155 shares during the quarter. Wellington Management Group LLP owned approximately 2.44% of Abercrombie & Fitch worth $183,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC increased its holdings in shares of Abercrombie & Fitch by 18.3% in the 4th quarter. Clearbridge Investments LLC now owns 250,908 shares of the apparel retailer's stock valued at $37,503,000 after acquiring an additional 38,826 shares during the last quarter. Schroder Investment Management Group bought a new position in Abercrombie & Fitch during the fourth quarter worth $2,773,000. denkapparat Operations GmbH acquired a new position in Abercrombie & Fitch in the fourth quarter worth $210,000. Pictet Asset Management Holding SA increased its stake in Abercrombie & Fitch by 6.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,031 shares of the apparel retailer's stock valued at $1,051,000 after purchasing an additional 429 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $1,658,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ANF shares. Morgan Stanley decreased their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a report on Wednesday, January 15th. UBS Group decreased their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company 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. StockNews.com lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Finally, Jefferies Financial Group dropped their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.88.

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Abercrombie & Fitch Stock Down 1.0 %

Abercrombie & Fitch stock traded down $0.76 during mid-day trading on Monday, hitting $72.58. 4,276,711 shares of the company's stock traded hands, compared to its average volume of 1,933,878. Abercrombie & Fitch Co. has a one year low of $65.57 and a one year high of $196.99. The company has a market cap of $3.55 billion, a PE ratio of 7.18 and a beta of 1.41. The firm has a 50 day moving average price of $94.80 and a 200 day moving average price of $126.87.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company's revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 earnings per share. On average, analysts expect that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch declared that its board 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 buy up to 29.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are 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.