Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its holdings in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 85.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,833 shares of the apparel retailer's stock after selling 321,228 shares during the period. Wedge Capital Management L L P NC owned approximately 0.11% of Abercrombie & Fitch worth $4,035,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Private Trust Co. NA raised its holdings in Abercrombie & Fitch by 30.9% in 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 last quarter. Virtue Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 1.3% in the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after buying an additional 102 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 2.0% in the 4th quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock valued at $816,000 after buying an additional 108 shares during the period. Arizona State Retirement System grew its stake in shares of Abercrombie & Fitch by 0.8% in the 4th 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 stake in shares of Abercrombie & Fitch by 7.4% in the 4th 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ANF shares. Wall Street Zen cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Morgan Stanley increased their price target 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, May 29th. JPMorgan Chase & Co. increased their price target on shares of Abercrombie & Fitch from $142.00 to $147.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.38.

Abercrombie & Fitch Stock Down 5.4%

ANF stock traded down $4.24 during midday trading on Friday, hitting $74.52. The company's stock 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 firm has a market capitalization of $3.55 billion, a P/E ratio of 7.37 and a beta of 1.47. The firm has a 50-day simple moving average of $75.27 and a 200-day simple moving average of $103.12.

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

Abercrombie & Fitch declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is 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.