Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Abercrombie & Fitch Co. (NYSE:ANF)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 68,324 shares of the apparel retailer's stock, valued at approximately $10,212,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Abercrombie & Fitch as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Abercrombie & Fitch by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock worth $860,303,000 after purchasing an additional 53,999 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Abercrombie & Fitch by 150.7% during 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 during the last quarter. Wellington Management Group LLP increased its position in shares of Abercrombie & Fitch by 20.8% during the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock worth $183,829,000 after acquiring an additional 212,155 shares in the last quarter. Marshall Wace LLP increased its position in shares of Abercrombie & Fitch by 12.6% during the fourth quarter. Marshall Wace LLP now owns 1,037,773 shares of the apparel retailer's stock worth $155,116,000 after acquiring an additional 115,758 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Abercrombie & Fitch by 24.7% in the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock worth $111,463,000 after acquiring an additional 147,779 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ANF shares. Raymond James decreased their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Wall Street Zen downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $111.38.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded down $0.58 during mid-day trading on Wednesday, reaching $76.27. The company's stock had a trading volume of 2,823,158 shares, compared to its average volume of 2,135,784. The company has a market capitalization of $3.63 billion, a P/E ratio of 7.54 and a beta of 1.47. The firm's fifty day moving average price is $74.54 and its two-hundred day moving average price is $106.29. Abercrombie & Fitch Co. has a 12-month low of $65.40 and a 12-month high of $194.38.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) 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 analyst estimates of $1.08 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.14 EPS. On average, research 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 approved a stock buyback plan on Wednesday, March 5th that permits the company to repurchase $1.30 billion in shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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.