Wealth Enhancement Advisory Services LLC Sells 4,401 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,315 shares of the apparel retailer's stock after selling 4,401 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Abercrombie & Fitch were worth $944,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after acquiring an additional 98 shares during the period. Virtue Capital Management LLC raised its holdings in Abercrombie & Fitch by 1.3% in the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock worth $1,229,000 after buying an additional 102 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 2.0% in the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock worth $816,000 after acquiring an additional 108 shares during the period. Arizona State Retirement System grew its position in Abercrombie & Fitch by 0.8% during the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer's stock valued at $2,217,000 after buying an additional 115 shares during the period. Finally, Atria Investments Inc grew its position in Abercrombie & Fitch by 7.4% during the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock valued at $251,000 after buying an additional 115 shares during the period.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $4.24 during mid-day trading on Friday, hitting $74.52. The company had a trading volume of 2,072,638 shares, compared to its average volume of 2,159,427. Abercrombie & Fitch Co. has a 52-week low of $65.40 and a 52-week high of $189.82. The stock's 50 day moving average price is $75.11 and its 200-day moving average price is $103.62. The company has a market capitalization of $3.55 billion, a P/E ratio of 7.37 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its 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 company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.14 earnings per share. On average, equities research analysts expect that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has authorized a share buyback plan on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

ANF has been the subject of several recent research reports. Jefferies Financial Group cut their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Wall Street Zen lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley boosted 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 report on Thursday, May 29th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.