Algert Global LLC Increases Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Algert Global LLC grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,538 shares of the apparel retailer's stock after buying an additional 11,100 shares during the quarter. Algert Global LLC owned approximately 0.10% of Abercrombie & Fitch worth $7,703,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ANF. Everence Capital Management Inc. purchased a new stake in Abercrombie & Fitch in the fourth quarter worth $212,000. Empirical Finance LLC lifted its position 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 worth $1,318,000 after purchasing an additional 4,108 shares during the period. Lmcg Investments LLC boosted its stake in shares of Abercrombie & Fitch by 11.2% during 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 in the last quarter. Rhumbline Advisers increased its position in shares of Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock valued at $23,699,000 after buying an additional 4,837 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Abercrombie & Fitch in the fourth quarter worth about $12,406,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research report on Thursday, March 6th. UBS Group lowered their price objective on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Citigroup reduced 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 report on Tuesday, April 8th. Barclays assumed coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They set an "equal weight" rating and a $71.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.25.

Abercrombie & Fitch Trading Up 2.6 %

ANF stock opened at $70.79 on Monday. The stock has a market capitalization of $3.37 billion, a PE ratio of 7.00 and a beta of 1.47. The stock's 50 day simple moving average is $78.08 and its 200 day simple moving average is $116.33. Abercrombie & Fitch Co. has a 12-month low of $65.40 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released 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 company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.97 earnings per share. On average, research analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Abercrombie & Fitch 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.

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