UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 24.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,930 shares of the apparel retailer's stock after acquiring an additional 23,188 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Abercrombie & Fitch worth $17,478,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Abercrombie & Fitch by 12.7% in the fourth quarter. Tidal Investments LLC now owns 9,869 shares of the apparel retailer's stock valued at $1,475,000 after acquiring an additional 1,112 shares during the period. Toronto Dominion Bank bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $399,000. Systematic Financial Management LP boosted its position in shares of Abercrombie & Fitch by 3.4% in the fourth quarter. Systematic Financial Management LP now owns 287,561 shares of the apparel retailer's stock valued at $42,982,000 after acquiring an additional 9,340 shares during the period. Shellback Capital LP boosted its position in shares of Abercrombie & Fitch by 48.4% in the fourth quarter. Shellback Capital LP now owns 115,000 shares of the apparel retailer's stock valued at $17,189,000 after acquiring an additional 37,500 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Abercrombie & Fitch by 41.1% in the fourth quarter. ProShare Advisors LLC now owns 16,555 shares of the apparel retailer's stock valued at $2,474,000 after acquiring an additional 4,823 shares during the period.

Abercrombie & Fitch Trading Down 5.6%

Shares of ANF stock traded down $4.66 during trading hours on Friday, hitting $78.38. 5,018,822 shares of the company's stock were exchanged, compared to its average volume of 2,129,128. The company has a market capitalization of $3.73 billion, a PE ratio of 7.75 and a beta of 1.47. Abercrombie & Fitch Co. has a 12-month low of $65.40 and a 12-month high of $194.38. The business's 50 day simple moving average is $74.51 and its 200-day simple moving average is $107.67.

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

Abercrombie & Fitch declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANF shares. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a research report on Thursday. Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday. Wall Street Zen downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $142.00 to $147.00 and gave the company an "overweight" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.38.

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.