Delphi Management Inc. MA Takes $493,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

Delphi Management Inc. MA acquired a new position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,454 shares of the apparel retailer's stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch during the fourth quarter valued at $27,000. Fifth Third Bancorp grew its position in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after buying an additional 132 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares during the last quarter. Private Trust Co. NA grew its position in shares of Abercrombie & Fitch by 30.9% in the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock worth $62,000 after buying an additional 98 shares during the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth approximately $69,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANF. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $142.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research note on Thursday. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of "Moderate Buy" and a consensus price target of $111.38.

Abercrombie & Fitch Stock Performance

Shares of ANF traded down $0.18 during midday trading on Monday, hitting $78.31. 3,077,924 shares of the stock were exchanged, compared to its average volume of 2,127,881. Abercrombie & Fitch Co. has a 52-week low of $65.40 and a 52-week high of $194.38. The stock has a fifty day simple moving average of $74.51 and a 200 day simple moving average of $107.17. The firm has a market cap of $3.73 billion, a P/E ratio of 7.75 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business posted $2.14 earnings per share. The company's quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are 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.