Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 552,374 shares of the apparel retailer's stock after buying an additional 33,309 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.10% of Abercrombie & Fitch worth $82,563,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Invesco Ltd. increased its holdings 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 buying an additional 892,492 shares in the last quarter. Norges Bank acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at about $88,478,000. Wellington Management Group LLP increased its stake in shares of Abercrombie & Fitch by 20.8% in 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 purchasing an additional 212,155 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $31,371,000. Finally, Boston Partners acquired a new position in Abercrombie & Fitch in the 4th quarter worth about $28,327,000.

Wall Street Analyst Weigh In

Several analysts have commented on ANF shares. Barclays initiated coverage on Abercrombie & Fitch in a report on Monday, April 21st. They issued an "equal weight" rating and a $71.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $155.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday. UBS Group raised their price target on shares of Abercrombie & Fitch from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Monday. Citigroup cut their price objective on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Telsey Advisory Group decreased their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $111.13.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded down $4.04 during trading on Wednesday, reaching $72.60. 2,193,387 shares of the company were exchanged, compared to its average volume of 2,041,918. The stock's 50 day simple moving average is $74.90 and its two-hundred day simple moving average is $110.87. The company has a market capitalization of $3.46 billion, a P/E ratio of 7.18 and a beta of 1.47. Abercrombie & Fitch Co. has a 52-week low of $65.40 and a 52-week high of $196.99.

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

Abercrombie & Fitch declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

About Abercrombie & Fitch

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.