AQR Capital Management LLC Has $98.03 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

AQR Capital Management LLC grew its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 655,857 shares of the apparel retailer's stock after acquiring an additional 4,382 shares during the quarter. AQR Capital Management LLC owned about 1.30% of Abercrombie & Fitch worth $98,031,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Abercrombie & Fitch by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock worth $860,303,000 after purchasing an additional 53,999 shares during the period. Invesco Ltd. boosted its holdings in shares of Abercrombie & Fitch by 150.7% in the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock valued at $221,910,000 after acquiring an additional 892,492 shares in the last quarter. Wellington Management Group LLP raised its holdings in Abercrombie & Fitch by 20.8% during the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock worth $183,829,000 after purchasing an additional 212,155 shares in the last quarter. Marshall Wace LLP lifted its position in Abercrombie & Fitch by 12.6% in the fourth quarter. Marshall Wace LLP now owns 1,037,773 shares of the apparel retailer's stock worth $155,116,000 after purchasing an additional 115,758 shares during the period. Finally, Northern Trust Corp boosted its stake in Abercrombie & Fitch by 24.7% during the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock valued at $111,463,000 after purchasing an additional 147,779 shares in the last quarter.

Abercrombie & Fitch Trading Down 0.3 %

NYSE ANF traded down $0.19 during trading on Tuesday, reaching $69.25. 458,467 shares of the company's stock were exchanged, compared to its average volume of 1,997,304. The firm has a market capitalization of $3.30 billion, a PE ratio of 6.85 and a beta of 1.47. Abercrombie & Fitch Co. has a fifty-two week low of $65.40 and a fifty-two week high of $196.99. The company's fifty day simple moving average is $77.39 and its 200-day simple moving average is $115.72.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $2.97 EPS. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ANF. Citigroup cut their price objective on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of Abercrombie & Fitch from $114.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their target price 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. UBS Group dropped their price target 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, StockNews.com lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average target price of $119.63.

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.