Deltec Asset Management LLC Invests $2.35 Million in Abercrombie & Fitch Company (NYSE:ANF)

Deltec Asset Management LLC purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,700 shares of the apparel retailer's stock, valued at approximately $2,345,000. Deltec Asset Management LLC owned 0.06% of Abercrombie & Fitch as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Abercrombie & Fitch by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock worth $860,303,000 after acquiring an additional 53,999 shares in the last quarter. Invesco Ltd. increased its stake in shares of Abercrombie & Fitch by 150.7% in the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock worth $221,910,000 after purchasing an additional 892,492 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Abercrombie & Fitch by 20.8% during 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. Marshall Wace LLP boosted its holdings in Abercrombie & Fitch by 12.6% in the 4th quarter. Marshall Wace LLP now owns 1,037,773 shares of the apparel retailer's stock worth $155,116,000 after buying an additional 115,758 shares during the period. Finally, Northern Trust Corp increased its stake in Abercrombie & Fitch by 24.7% in the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock worth $111,463,000 after buying an additional 147,779 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ANF shares. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Wall Street Zen lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Morgan Stanley increased their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, Raymond James Financial reduced their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch Trading Up 2.8%

Shares of NYSE:ANF traded up $2.13 on Friday, reaching $77.97. The company had a trading volume of 2,900,841 shares, compared to its average volume of 2,173,419. The firm has a market capitalization of $3.71 billion, a PE ratio of 7.67 and a beta of 1.47. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $186.45. The firm's 50 day simple moving average is $75.52 and its 200-day simple moving average is $99.73.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. Abercrombie & Fitch's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share. As a group, equities research analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock repurchase plans are generally an indication 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.