Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 17.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,761 shares of the apparel retailer's stock after selling 6,960 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.07% of Abercrombie & Fitch worth $2,578,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $27,000. Private Trust Co. NA raised 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 period. Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth $69,000. GeoWealth Management LLC purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth $70,000. Finally, UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares during the period.

Wall Street Analysts Forecast Growth

ANF has been the topic of several research reports. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley increased their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Jefferies Financial Group cut their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.38.

Abercrombie & Fitch Stock Down 5.4%

Shares of Abercrombie & Fitch stock traded down $4.24 during trading hours on Friday, hitting $74.52. 2,072,638 shares of the company's stock traded hands, compared to its average volume of 2,163,792. The stock has a 50 day simple moving average of $75.27 and a 200-day simple moving average of $102.80. The company has a market cap of $3.55 billion, a PE ratio of 7.37 and a beta of 1.47. Abercrombie & Fitch Co. has a twelve month low of $65.40 and a twelve month high of $189.00.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, equities research analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its board has authorized a share buyback plan on Wednesday, March 5th that allows the company to buyback $1.30 billion in outstanding shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is 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.