Fuller & Thaler Asset Management Inc. Has $51.07 Million Position in Abercrombie & Fitch Co. (NYSE:ANF)

Fuller & Thaler Asset Management Inc. increased its position in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,640 shares of the apparel retailer's stock after buying an additional 26,803 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.68% of Abercrombie & Fitch worth $51,065,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Abercrombie & Fitch in the 4th quarter worth about $27,000. UMB Bank n.a. increased its holdings in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 132 shares during the last quarter. Private Trust Co. NA grew its holdings in Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after purchasing an additional 98 shares during the last quarter. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter worth $69,000.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded down $1.34 during mid-day trading on Tuesday, hitting $69.33. The stock had a trading volume of 617,780 shares, compared to its average volume of 1,990,972. The company's 50 day simple moving average is $80.63 and its 200 day simple moving average is $118.86. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 6.85 and a beta of 1.41. Abercrombie & Fitch Co. has a twelve month low of $65.40 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the business earned $2.97 earnings per share. The business's 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 announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ANF. UBS Group reduced their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Morgan Stanley dropped their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 15th. Citigroup dropped their price objective on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $127.25.

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.