New Age Alpha Advisors LLC Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

New Age Alpha Advisors LLC acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,093 shares of the apparel retailer’s stock, valued at approximately $1,658,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA raised its holdings in 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 last quarter. UMB Bank n.a. increased its stake in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 107 shares during the period. Arizona State Retirement System raised its position in shares of Abercrombie & Fitch by 0.8% during the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer’s stock worth $2,217,000 after acquiring an additional 115 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Abercrombie & Fitch by 7.4% in the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 115 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Abercrombie & Fitch by 1.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer’s stock valued at $1,392,000 after acquiring an additional 118 shares during the last quarter.

Abercrombie & Fitch Stock Down 1.1 %

ANF stock opened at $76.65 on Monday. The stock’s 50 day moving average is $100.75 and its 200-day moving average is $129.47. Abercrombie & Fitch Co. has a twelve month low of $74.31 and a twelve month high of $196.99. The firm has a market capitalization of $3.86 billion, a PE ratio of 7.58 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data 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. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $2.97 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch declared that its board has authorized a stock buyback plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ANF has been the subject of several analyst reports. Raymond James set a $110.00 price target on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on 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. Citigroup cut their target price on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. StockNews.com downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Finally, JPMorgan Chase & Co. cut their price target on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.88.

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.