Fmr LLC Has $790.75 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Fmr LLC lessened its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,290,383 shares of the apparel retailer’s stock after selling 589,288 shares during the quarter. Fmr LLC owned approximately 10.50% of Abercrombie & Fitch worth $790,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANF. Private Trust Co. NA lifted its holdings in Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after purchasing an additional 98 shares during the last quarter. UMB Bank n.a. raised its holdings in Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares during the period. Arizona State Retirement System lifted its position in 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 boosted its holdings in shares of Abercrombie & Fitch by 7.4% during 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. grew its position in shares of 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 purchasing an additional 118 shares during the last quarter.

Abercrombie & Fitch Stock Down 1.0 %

ANF stock opened at $72.58 on Tuesday. The company’s 50-day moving average price is $94.80 and its two-hundred day moving average price is $126.87. Abercrombie & Fitch Co. has a 12 month low of $65.57 and a 12 month high of $196.99. The firm has a market cap of $3.55 billion, a P/E ratio of 7.18 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate 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. Equities analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its board has approved a share repurchase program on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Telsey Advisory Group reduced their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Jefferies Financial Group decreased their price target on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. UBS Group dropped their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.