Deutsche Bank AG Purchases 10,698 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Deutsche Bank AG boosted its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,221 shares of the apparel retailer's stock after acquiring an additional 10,698 shares during the quarter. Deutsche Bank AG owned 0.10% of Abercrombie & Fitch worth $7,507,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Abercrombie & Fitch by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock valued at $860,303,000 after acquiring an additional 53,999 shares during the last quarter. Invesco Ltd. increased its stake in Abercrombie & Fitch by 150.7% in 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 boosted its position 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 buying an additional 212,155 shares in the last quarter. Marshall Wace LLP boosted its position 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 buying an additional 115,758 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Abercrombie & Fitch by 24.7% in the fourth quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock valued at $111,463,000 after buying an additional 147,779 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ANF shares. Telsey Advisory Group cut their target price on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Citigroup cut their target price on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays started coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They issued an "equal weight" rating and a $71.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Abercrombie & Fitch from $155.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $114.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $111.13.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF traded down $3.59 during mid-day trading on Friday, reaching $73.17. 1,888,634 shares of the company's stock were exchanged, compared to its average volume of 2,053,716. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 7.24 and a beta of 1.47. The business's fifty day moving average price is $74.51 and its 200-day moving average price is $109.74. Abercrombie & Fitch Co. has a twelve month low of $65.40 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.97 earnings per share. Analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in shares. This buyback authorization permits the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership 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.