State of Tennessee Department of Treasury Has $2.76 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

State of Tennessee Department of Treasury decreased its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,479 shares of the apparel retailer's stock after selling 5,799 shares during the quarter. State of Tennessee Department of Treasury's holdings in Abercrombie & Fitch were worth $2,762,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ANF. SBI Securities Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $27,000. UMB Bank n.a. boosted its holdings in shares of 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 purchasing an additional 107 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock valued at $55,000 after purchasing an additional 132 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock worth $62,000 after buying an additional 98 shares in the last quarter. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $69,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup decreased their target price on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group cut 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. Finally, Telsey Advisory Group lowered their target price on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.25.

Abercrombie & Fitch Stock Performance

Shares of ANF traded up $1.77 during mid-day trading on Friday, reaching $70.79. 1,258,268 shares of the company were exchanged, compared to its average volume of 2,005,386. The business has a 50 day simple moving average of $78.08 and a two-hundred day simple moving average of $116.64. The stock has a market capitalization of $3.46 billion, a PE ratio of 7.00 and a beta of 1.41. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results 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 quarter in the previous year, the company earned $2.97 EPS. The company's revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its board has approved a stock repurchase program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.