30,700 Shares in Abercrombie & Fitch Company (NYSE:ANF) Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC bought a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,700 shares of the apparel retailer's stock, valued at approximately $2,345,000. Deltec Asset Management LLC owned approximately 0.06% of Abercrombie & Fitch at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ANF. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at $27,000. Private Trust Co. NA grew its stake in shares of Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after buying an additional 98 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $69,000. GeoWealth Management LLC bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $70,000. Finally, UMB Bank n.a. grew its position in Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after acquiring an additional 360 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ANF shares. Telsey Advisory Group reissued an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Wall Street Zen downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Morgan Stanley increased their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Raymond James Financial reduced their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $110.63.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $2.90 during trading hours on Tuesday, reaching $79.66. 1,778,373 shares of the company's stock traded hands, compared to its average volume of 2,169,577. The firm has a market cap of $3.80 billion, a PE ratio of 7.84 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 has a 50-day simple moving average of $75.60 and a 200 day simple moving average of $99.21.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.24. The company had revenue of $1.10 billion for 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%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.14 EPS. Sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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