Caisse DE Depot ET Placement DU Quebec Buys 14,913 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 51.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,033 shares of the apparel retailer's stock after buying an additional 14,913 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of Abercrombie & Fitch worth $6,582,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ANF. Freestone Grove Partners LP acquired a new stake in Abercrombie & Fitch in the fourth quarter valued at $17,666,000. Triumph Capital Management lifted its holdings in shares of Abercrombie & Fitch by 21.0% during the 4th quarter. Triumph Capital Management now owns 2,790 shares of the apparel retailer's stock worth $417,000 after acquiring an additional 484 shares during the period. Comerica Bank boosted its position in shares of Abercrombie & Fitch by 4.4% during the 4th quarter. Comerica Bank now owns 94,267 shares of the apparel retailer's stock worth $14,090,000 after acquiring an additional 3,991 shares in the last quarter. AQR Capital Management LLC raised its position in Abercrombie & Fitch by 0.7% during the fourth quarter. AQR Capital Management LLC now owns 655,857 shares of the apparel retailer's stock valued at $98,031,000 after purchasing an additional 4,382 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in Abercrombie & Fitch by 62.8% during the fourth quarter. Lido Advisors LLC now owns 7,790 shares of the apparel retailer's stock worth $1,164,000 after purchasing an additional 3,005 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ANF. UBS Group decreased their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Citigroup lowered their target price on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. StockNews.com downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Finally, Morgan Stanley decreased their target price 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. 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.63.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $0.08 on Wednesday, reaching $69.67. The company had a trading volume of 1,244,685 shares, compared to its average volume of 2,002,115. The business has a 50 day moving average of $76.75 and a two-hundred day moving average of $115.40. Abercrombie & Fitch Co. has a fifty-two week low of $65.40 and a fifty-two week high of $196.99. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 6.89 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share 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 business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $2.97 earnings per share. Abercrombie & Fitch's quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch declared that its board has authorized a stock buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in outstanding shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management 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.