Envestnet Asset Management Inc. Has $5.87 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Envestnet Asset Management Inc. boosted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 79.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,260 shares of the apparel retailer's stock after purchasing an additional 17,377 shares during the period. Envestnet Asset Management Inc. owned 0.08% of Abercrombie & Fitch worth $5,868,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at $212,000. Empirical Finance LLC raised its holdings in shares of Abercrombie & Fitch by 87.2% in the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock valued at $1,318,000 after purchasing an additional 4,108 shares during the period. Lmcg Investments LLC raised its holdings in shares of Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock valued at $3,687,000 after purchasing an additional 2,479 shares during the period. Rhumbline Advisers lifted its stake in Abercrombie & Fitch by 3.1% in the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock valued at $23,699,000 after purchasing an additional 4,837 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Abercrombie & Fitch during the fourth quarter worth about $12,406,000.

Abercrombie & Fitch Stock Down 2.0 %

Shares of NYSE:ANF traded down $1.45 during trading on Friday, reaching $71.62. 1,532,820 shares of the company traded hands, compared to its average volume of 1,989,461. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $196.99. The firm has a market capitalization of $3.50 billion, a PE ratio of 7.08 and a beta of 1.41. The company's 50 day moving average is $81.32 and its two-hundred day moving average is $119.73.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion for 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 business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 earnings per share. As a group, research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

ANF has been the subject of several research analyst reports. Barclays initiated coverage on Abercrombie & Fitch in a research note on Monday, April 21st. They set an "equal weight" rating and a $71.00 target price for the company. Morgan Stanley reduced their target price 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. StockNews.com downgraded 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 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. Finally, UBS Group dropped 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. Four 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.25.

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.