Centiva Capital LP Sells 4,491 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Centiva Capital LP lessened its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,798 shares of the apparel retailer's stock after selling 4,491 shares during the quarter. Centiva Capital LP's holdings in Abercrombie & Fitch were worth $1,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its stake in Abercrombie & Fitch by 150.7% in the 4th quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock valued at $221,910,000 after buying an additional 892,492 shares during the last quarter. Norges Bank acquired a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $88,478,000. Wellington Management Group LLP grew its holdings in Abercrombie & Fitch by 20.8% in the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock valued at $183,829,000 after buying an additional 212,155 shares in the last quarter. Raymond James Financial Inc. bought a new position in Abercrombie & Fitch during the 4th quarter worth $31,371,000. Finally, Boston Partners acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $28,327,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Citigroup lowered their target price on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group reduced their price target 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. UBS Group dropped their price objective on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Raymond James set a $110.00 target price on Abercrombie & Fitch in a report on Thursday, March 6th. Four 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.com, the company has an average rating of "Moderate Buy" and an average price target of $119.63.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock traded up $3.14 during trading on Tuesday, reaching $81.31. 866,648 shares of the company's stock were exchanged, compared to its average volume of 2,017,900. The firm's 50-day moving average price is $74.98 and its 200 day moving average price is $113.05. The company has a market cap of $3.87 billion, a P/E ratio of 8.04 and a beta of 1.47. Abercrombie & Fitch Co. has a 1-year low of $65.40 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 earnings per share. As a group, equities research analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its board has authorized a share repurchase program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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.