Divisar Capital Management LLC Decreases Position in Abercrombie & Fitch Co. (NYSE:ANF)

Divisar Capital Management LLC lowered its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,200 shares of the apparel retailer's stock after selling 9,686 shares during the period. Abercrombie & Fitch makes up approximately 1.1% of Divisar Capital Management LLC's portfolio, making the stock its 22nd largest position. Divisar Capital Management LLC owned approximately 0.07% of Abercrombie & Fitch worth $5,112,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Abercrombie & Fitch by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock valued at $860,303,000 after buying an additional 53,999 shares during the last quarter. Invesco Ltd. increased its position in Abercrombie & Fitch by 150.7% during 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 during the last quarter. Wellington Management Group LLP lifted its holdings in Abercrombie & Fitch by 20.8% in the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock valued at $183,829,000 after acquiring an additional 212,155 shares during the period. Marshall Wace LLP lifted its holdings 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 valued at $155,116,000 after acquiring an additional 115,758 shares during the period. Finally, Northern Trust Corp grew its stake in shares of 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 during the period.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ANF shares. UBS Group lowered their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group reduced their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research report on Thursday, March 6th. Finally, Jefferies Financial Group reduced their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. 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, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and an average price target of $119.63.

Abercrombie & Fitch Trading Down 1.2 %

Shares of NYSE:ANF traded down $0.80 during midday trading on Tuesday, reaching $68.64. 714,626 shares of the company were exchanged, compared to its average volume of 1,998,367. The stock has a market cap of $3.27 billion, a PE ratio of 6.79 and a beta of 1.47. Abercrombie & Fitch Co. has a one year low of $65.40 and a one year high of $196.99. The business's fifty day moving average is $77.39 and its two-hundred day moving average is $115.72.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.09. The firm 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%. The business's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 earnings per share. As a group, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its board has approved a stock buyback plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are 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.