Polar Asset Management Partners Inc. Has $3.09 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Polar Asset Management Partners Inc. reduced its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 61.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,700 shares of the apparel retailer's stock after selling 32,600 shares during the period. Polar Asset Management Partners Inc.'s holdings in Abercrombie & Fitch were worth $3,094,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. grew its holdings 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 in the last quarter. Norges Bank bought a new position in Abercrombie & Fitch during the 4th quarter worth $88,478,000. Wellington Management Group LLP increased its position in shares of 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 buying an additional 212,155 shares during the period. Raymond James Financial Inc. bought a new stake in Abercrombie & Fitch in the fourth quarter worth approximately $31,371,000. Finally, Boston Partners acquired a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $28,327,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on ANF. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley boosted their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Raymond James reduced their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.38.

Abercrombie & Fitch Price Performance

Shares of ANF traded down $4.66 during mid-day trading on Friday, reaching $78.38. The company's stock had a trading volume of 5,018,822 shares, compared to its average volume of 2,124,106. The stock has a market cap of $3.73 billion, a PE ratio of 7.75 and a beta of 1.47. Abercrombie & Fitch Co. has a 12-month low of $65.40 and a 12-month high of $194.38. The company's 50 day moving average is $74.51 and its 200 day moving average is $107.43.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $2.14 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has approved a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board 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.